BlackRock Amends ERII Stake as of Dec 31, 2023
Ticker: ERII · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1421517
| Field | Detail |
|---|---|
| Company | Energy Recovery, Inc. (ERII) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its stake in Energy Recovery, Inc. as of year-end 2023.**
AI Summary
BlackRock, Inc. has filed an amended SC 13G/A for Energy Recovery, Inc. (NASDAQ: ERII), indicating a change in their beneficial ownership as of December 31, 2023. This filing, made on January 25, 2024, shows BlackRock's updated stake in the company's Common Stock. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding Energy Recovery, Inc.
Why It Matters
This filing updates BlackRock's reported ownership in Energy Recovery, Inc., providing transparency on a significant institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor and does not inherently signal high risk.
Analyst Insight
Investors should note that BlackRock, a major institutional holder, has updated its position in Energy Recovery, Inc. and may want to review BlackRock's full updated ownership details once available to understand the extent of any change.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Energy Recovery, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- 29270J100 (other) — the CUSIP number for Energy Recovery Inc.'s Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'Amendment No: 1' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as clearly identified under '(1)Names of reporting persons. BlackRock, Inc.'.
What is the subject company of this filing?
The subject company is Energy Recovery, Inc., as indicated by 'ENERGY RECOVERY INC (Name of Issuer)' and 'COMPANY CONFORMED NAME: Energy Recovery, Inc.'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires this filing was December 31, 2023, as specified in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Energy Recovery, Inc. (ERII).