Wellington Management Co. LLP has recently announced that it has increased stake in Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) by 14.43%. After grabbing 8.51 million shares, the institutional investor is now in possession of 1.07 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 9.57% having worth around $267.33 million. Moreover, The Vanguard Group, Inc. increased its share by 0.27 million to have a control over 8.2 million shares. And BlackRock Fund Advisors raised its holdings to 0.17 million shares by acquiring 6.25 million shares or 7.02% of the stake.
Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) concluded trading on 03/16/23 at a closing price of $23.91, with 1.72 million shares of worth about $41.14 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -40.00% during that period and on Thursday the price saw a loss of about -7.72%. Currently the company’s common shares owned by public are about 89.65M shares, out of which, 80.96M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the HASI stock and their offered price forecasts bring an average price target of $44.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $52.00 and could fall to a lowest price of $34.00. The stock’s current price level is 44.95% above of average price target set by the analysts, while a rise to estimated low would result in gain of 29.68% for the stock. However, touching the estimated high of $52.00 would mean a gain of 54.02% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 13 times over the past 12 months. They bought 36,793 shares in 12 of the transactions. In 1 selling transactions, insiders dumped 6,534 shares.
Handelsbanken Hallbar Energi, Vanguard Total Stock Market Index, and T Rowe Price Small Cap Value Fund are the top 3 mutual funds which are holding stakes in Hannon Armstrong Sustainable Infrastructure Capital Inc. Handelsbanken Hallbar Energi is currently holding 3.0 million shares of worth totaling $94.31 million. The company recently came buying 0.0 shares which brought its stake up to 3.38% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 3921.0 shares, after which its hold over company’s outstanding shares expand to 3.07%, leaving 2.73 million shares with the mutual fund that have a worth of about $85.67 million. T Rowe Price Small Cap Value Fund, after buying 2.45 million shares, have now control over 2.75% of the stake in the company. It holds 0.31 million shares of worth $76.96 million.
Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI) started trading at $25.50, below -$0.41 from concluding price of the previous day. However, the stock later moved at a day high price of 25.59, or with a loss of -7.72%. Stock saw a price change of -18.20% in past 5 days and over the past one month there was a price change of -31.92%. Year-to-date (YTD), HASI shares are showing a performance of -17.49% which decreased to -47.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.56 but also hit the highest price of $49.71 during that period. The average intraday trading volume for Hannon Armstrong Sustainable Infrastructure Capital Inc. shares is 620.14K. The stock is currently trading -22.75% below its 20-day simple moving average (SMA20), while that difference is down -27.48% for SMA50 and it goes to -29.02% lower than SMA200.
Wellington Management Co. LLP acquired 8.51 million shares of Hannon Armstrong Sustainable Infrastructure Capital Inc. having value of about $267.33 million. Data submitted at the U.S SEC by Wellington Management Co. LLP revealed that the firm now holds 1.07 million shares in the company valued at close to $25655334.36, or have control over 14.43% stake in the company. Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI) currently have 89.65M outstanding shares and institutions hold larger chunk of about 95.30% of that. Holding of mutual funds in the company is about 33.95% while other institutional holders and individual stake holders have control over 61.05% and 2.31% of the stake respectively.
The stock has a current market capitalization of $2.16B and its 3Y-monthly beta is at 1.70. PE ratio of stock for trailing 12 months is 52.55, while it has posted earnings per share of $0.46 in the same period. Its PEG reads 5.18 while making debt-to-equity ratio of 1.83. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HASI, volatility over the week remained 7.54% while standing at 4.86% over the month.
Stock’s fiscal year EPS is expected to drop by -69.10% while it is estimated to increase by 7.33% in next year. EPS is likely to grow at an annualized rate of 10.15% for next 5-years, compared to annual growth of -4.20% made by the stock over the past 5-years.
Analysts at 9 brokerage firms have issued recommendations for the Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.10. Out of those 9 Wall Street analysts, 5 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on January 24, 2023 offering a Neutral rating for the stock and assigned a target price range of between $39 and $34 to it. Coverage by UBS stated Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) stock as a Buy in their note to investors on February 15, 2022, suggesting a price target of $50 for the stock. Stock get an Underperform rating from BofA Securities on April 29, 2021.
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