Ormat Technologies, Inc. (ORA) Position Boosted by Aperio Group LLC

Aperio Group LLC boosted its holdings in shares of Ormat Technologies, Inc. (NYSE:ORA) by 17.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,995 shares of the energy company’s stock after acquiring an additional 16,608 shares during the quarter. Aperio Group LLC owned 0.23% of Ormat Technologies worth $7,291,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ORA. Royal Bank of Canada boosted its holdings in Ormat Technologies by 1.7% during the 2nd quarter. Royal Bank of Canada now owns 2,008 shares of the energy company’s stock valued at $117,000 after acquiring an additional 34 shares during the period. Advisor Group Inc. boosted its holdings in Ormat Technologies by 153.2% during the 2nd quarter. Advisor Group Inc. now owns 2,302 shares of the energy company’s stock valued at $135,000 after acquiring an additional 1,393 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ormat Technologies by 43.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,614 shares of the energy company’s stock valued at $167,000 after acquiring an additional 791 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in Ormat Technologies during the 4th quarter valued at $230,000. Finally, Great West Life Assurance Co. Can boosted its holdings in Ormat Technologies by 42.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 4,665 shares of the energy company’s stock valued at $295,000 after acquiring an additional 1,386 shares during the period. Institutional investors own 46.40% of the company’s stock.

Shares of Ormat Technologies, Inc. (ORA) opened at $65.13 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.62 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $3,295.38, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 1.91 and a beta of 1.22. Ormat Technologies, Inc. has a 1 year low of $54.21 and a 1 year high of $70.68.

A number of equities analysts recently issued reports on the company. Zacks Investment Research cut Ormat Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. boosted their price objective on Ormat Technologies from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Cowen restated a “buy” rating and set a $75.00 price objective on shares of Ormat Technologies in a report on Wednesday, January 24th. TheStreet raised Ormat Technologies from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Finally, Roth Capital set a $70.00 target price on Ormat Technologies and gave the company a “buy” rating in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Ormat Technologies presently has an average rating of “Buy” and an average price target of $71.14.

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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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Institutional Ownership by Quarter for Ormat Technologies (NYSE:ORA)

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