Ormat Technologies, Inc. (ORA) Holdings Maintained by Ameritas Investment Partners Inc.
Ameritas Investment Partners Inc. continued to hold its stake in shares of Ormat Technologies, Inc. (NYSE:ORA) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,359 shares of the energy company’s stock at the end of the second quarter. Ameritas Investment Partners Inc.’s holdings in Ormat Technologies were worth $197,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its stake in shares of Ormat Technologies by 45.8% in the first quarter. UBS Asset Management Americas Inc. now owns 16,671 shares of the energy company’s stock worth $952,000 after purchasing an additional 5,233 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Ormat Technologies by 108.0% during the second quarter. BNP Paribas Arbitrage SA now owns 12,425 shares of the energy company’s stock valued at $729,000 after acquiring an additional 6,452 shares in the last quarter. BlackRock Inc. raised its position in Ormat Technologies by 6,068.3% during the first quarter. BlackRock Inc. now owns 2,473,872 shares of the energy company’s stock valued at $141,210,000 after acquiring an additional 2,433,766 shares in the last quarter. Vanguard Group Inc. raised its position in Ormat Technologies by 5.8% during the first quarter. Vanguard Group Inc. now owns 3,223,631 shares of the energy company’s stock valued at $184,006,000 after acquiring an additional 177,288 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Ormat Technologies by 16.0% during the second quarter. Goldman Sachs Group Inc. now owns 177,762 shares of the energy company’s stock valued at $10,431,000 after acquiring an additional 24,457 shares in the last quarter. Hedge funds and other institutional investors own 46.59% of the company’s stock.
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Ormat Technologies (NYSE:ORA) last issued its earnings results on Thursday, August 3rd. The energy company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The business had revenue of $179.36 million during the quarter, compared to the consensus estimate of $169.80 million. Ormat Technologies had a return on equity of 10.25% and a net margin of 15.36%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 EPS.
Several research analysts recently weighed in on ORA shares. Zacks Investment Research upgraded Ormat Technologies from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Tuesday, August 8th. Cowen and Company set a $67.00 price target on Ormat Technologies and gave the company a “buy” rating in a research report on Monday, July 17th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $70.00 price target (up from $65.00) on shares of Ormat Technologies in a research report on Wednesday, September 27th. TheStreet cut Ormat Technologies from a “b” rating to a “c+” rating in a research report on Monday, August 14th. Finally, BidaskClub lowered Ormat Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $66.38.
In other news, VP Shlomi Argas sold 11,523 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $59.50, for a total transaction of $685,618.50. Following the completion of the transaction, the vice president now directly owns 1,734 shares of the company’s stock, valued at approximately $103,173. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Granot sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $57.66, for a total value of $144,150.00. Following the transaction, the director now directly owns 2,500 shares of the company’s stock, valued at $144,150. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,859 shares of company stock valued at $5,446,457. Company insiders own 14.74% of the company’s stock.
Ormat Technologies Profile
Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.
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