Energy Recovery, Inc. (ERII) Reaches $7.95 After 5.00% Up Move; C.H. Robinson Worldwide (CHRW) Sellers Decreased By 12.36% Their Shorts

February 21, 2018 - By David Stenberg

The stock of Energy Recovery, Inc. (NASDAQ:ERII) is a huge mover today! The stock increased 5.30% or $0.4 during the last trading session, reaching $7.95. About 108,863 shares traded. Energy Recovery, Inc. (NASDAQ:ERII) has declined 27.39% since February 21, 2017 and is downtrending. It has underperformed by 44.09% the S&P500.The move comes after 6 months positive chart setup for the $426.08 million company. It was reported on Feb, 21 by Barchart.com. We have $8.35 PT which if reached, will make NASDAQ:ERII worth $21.30M more.

C.H. Robinson Worldwide Inc (NASDAQ:CHRW) had a decrease of 12.36% in short interest. CHRW’s SI was 14.91 million shares in February as released by FINRA. Its down 12.36% from 17.01 million shares previously. With 2.28M avg volume, 7 days are for C.H. Robinson Worldwide Inc (NASDAQ:CHRW)’s short sellers to cover CHRW’s short positions. The SI to C.H. Robinson Worldwide Inc’s float is 10.74%. The stock increased 1.58% or $1.42 during the last trading session, reaching $91.39. About 546,470 shares traded. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has declined 7.85% since February 21, 2017 and is downtrending. It has underperformed by 24.55% the S&P500.

Investors sentiment decreased to 1.01 in 2017 Q3. Its down 0.23, from 1.24 in 2017Q2. It turned negative, as 57 investors sold C.H. Robinson Worldwide, Inc. shares while 128 reduced holdings. 37 funds opened positions while 150 raised stakes. 129.16 million shares or 3.64% more from 124.62 million shares in 2017Q2 were reported. Epoch Partners Inc holds 36,184 shares. First Eagle Invest Management Ltd invested in 6.37M shares or 1.08% of the stock. Franklin Res stated it has 0% of its portfolio in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW). Rhumbline Advisers invested 0.05% in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW). Swiss Natl Bank has 0.06% invested in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) for 678,328 shares. Riverpoint Ltd Limited Liability Company holds 5,000 shares or 0.02% of its portfolio. Federated Pa holds 0% or 3,660 shares in its portfolio. Foyston Gordon & Payne reported 86,211 shares or 1.14% of all its holdings. Sandy Spring Bancshares stated it has 129 shares or 0% of all its holdings. Tobam reported 533,133 shares. Ca owns 47,450 shares or 0.53% of their US portfolio. 9,711 are owned by Finemark Natl Savings Bank. Seizert Prtnrs Lc owns 787,815 shares or 2.2% of their US portfolio. Rodgers Brothers Inc owns 7,800 shares or 0.21% of their US portfolio. 73,421 were accumulated by Btim.

C.H. Robinson Worldwide, Inc., a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company has market cap of $12.77 billion. The firm operates through North American Surface Transportation, Global Forwarding, and Robinson Fresh divisions. It has a 25.6 P/E ratio. It offers transportation and logistics services, such as truckload comprising time-definite and expedited truck transportation services; less than truckload services; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.

Since February 12, 2018, it had 0 insider purchases, and 2 sales for $510,389 activity. $155,276 worth of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) was sold by Kass Jordan T. On Monday, February 12 OBRIEN CHRIS sold $355,113 worth of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) or 3,909 shares.

Among 23 analysts covering C.H. Robinson Worldwide (NASDAQ:CHRW), 9 have Buy rating, 2 Sell and 12 Hold. Therefore 39% are positive. C.H. Robinson Worldwide had 86 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Underweight” rating given on Thursday, October 12 by JP Morgan. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, January 31. The stock has “Buy” rating by KeyBanc Capital Markets on Monday, September 25. On Friday, February 2 the stock rating was maintained by Morgan Stanley with “Underweight”. The rating was upgraded by Citigroup on Thursday, January 4 to “Buy”. The firm has “Buy” rating by Zacks given on Friday, August 28. The firm has “Hold” rating by Cowen & Co given on Monday, July 10. The company was maintained on Wednesday, July 29 by Cowen & Co. The company was maintained on Tuesday, November 28 by Cowen & Co. Stifel Nicolaus maintained C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) rating on Tuesday, October 31. Stifel Nicolaus has “Hold” rating and $82.0 target.

Among 7 analysts covering Energy Recovery (NASDAQ:ERII), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Energy Recovery had 15 analyst reports since August 7, 2015 according to SRatingsIntel. FBR Capital maintained the stock with “Buy” rating in Monday, August 28 report. The company was upgraded on Wednesday, October 21 by Credit Suisse. The stock of Energy Recovery, Inc. (NASDAQ:ERII) has “Buy” rating given on Wednesday, November 8 by FBR Capital. The firm earned “Outperform” rating on Monday, September 26 by iBERIA Capital Partners. On Tuesday, September 13 the stock rating was upgraded by Jefferies to “Buy”. The firm has “Buy” rating given on Tuesday, October 17 by Jefferies. FBR Capital initiated Energy Recovery, Inc. (NASDAQ:ERII) on Friday, July 15 with “Outperform” rating. The rating was maintained by FBR Capital on Thursday, November 30 with “Buy”. The firm has “Hold” rating by Ardour Capital given on Monday, August 10. The firm has “Outperform” rating given on Monday, September 26 by Iberia Capital Partners.

Analysts await Energy Recovery, Inc. (NASDAQ:ERII) to report earnings on March, 14. They expect $0.04 EPS, down 33.33% or $0.02 from last year’s $0.06 per share. ERII’s profit will be $2.14M for 49.69 P/E if the $0.04 EPS becomes a reality. After $0.03 actual EPS reported by Energy Recovery, Inc. for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

Since December 13, 2017, it had 0 insider buys, and 1 insider sale for $22,000 activity. Shares for $22,000 were sold by SMITH LENOX SHARON E on Wednesday, December 13.

Investors sentiment increased to 1.35 in 2017 Q3. Its up 0.35, from 1 in 2017Q2. It increased, as 7 investors sold Energy Recovery, Inc. shares while 24 reduced holdings. 16 funds opened positions while 26 raised stakes. 15.99 million shares or 1.58% less from 16.25 million shares in 2017Q2 were reported. Moreover, Glenmede Trust Company Na has 0% invested in Energy Recovery, Inc. (NASDAQ:ERII). Planning reported 18,743 shares. Gabelli Funds Ltd owns 0% invested in Energy Recovery, Inc. (NASDAQ:ERII) for 80,000 shares. Moreover, Boothbay Fund Management Ltd has 0.02% invested in Energy Recovery, Inc. (NASDAQ:ERII). Jpmorgan Chase & reported 177,912 shares. Menta Limited Liability Company invested 0.12% of its portfolio in Energy Recovery, Inc. (NASDAQ:ERII). Nationwide Fund Advsrs has 20,024 shares. Rhumbline Advisers owns 40,747 shares. Credit Suisse Ag holds 39,572 shares or 0% of its portfolio. Alliancebernstein Ltd Partnership accumulated 0% or 26,900 shares. Ny State Common Retirement Fund accumulated 35,300 shares. Commonwealth Equity Service invested 0% in Energy Recovery, Inc. (NASDAQ:ERII). Da Davidson Communication has 87,400 shares. Moreover, Ubs Asset Mngmt Americas Inc has 0% invested in Energy Recovery, Inc. (NASDAQ:ERII) for 10,060 shares. Voya Inv Management Ltd Llc has 0% invested in Energy Recovery, Inc. (NASDAQ:ERII) for 19,001 shares.

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By1 David Stenberg

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