Zions Bancorporation N.A. boosted its position in shares of Ameresco, Inc. (NYSE:AMRC – Get Rating) by 37.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,564 shares of the utilities provider’s stock after buying an additional 4,537 shares during the quarter. Zions Bancorporation N.A.’s holdings in Ameresco were worth $1,317,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Citigroup Inc. boosted its stake in Ameresco by 12.5% during the fourth quarter. Citigroup Inc. now owns 14,282 shares of the utilities provider’s stock valued at $1,163,000 after buying an additional 1,587 shares in the last quarter. IndexIQ Advisors LLC bought a new position in Ameresco during the first quarter valued at about $393,000. Connors Investor Services Inc. boosted its position in shares of Ameresco by 4.4% in the 4th quarter. Connors Investor Services Inc. now owns 73,287 shares of the utilities provider’s stock valued at $5,968,000 after purchasing an additional 3,101 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Ameresco by 55.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,208 shares of the utilities provider’s stock valued at $812,000 after purchasing an additional 3,628 shares during the period. Finally, Jag Capital Management LLC acquired a new position in shares of Ameresco in the 4th quarter valued at $210,000. Institutional investors own 58.22% of the company’s stock.
Ameresco Stock Up 3.2 %
AMRC opened at $74.50 on Friday. Ameresco, Inc. has a fifty-two week low of $40.73 and a fifty-two week high of $101.86. The business has a 50-day moving average of $58.42 and a 200-day moving average of $59.82. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.76 and a quick ratio of 1.74. The company has a market capitalization of $3.86 billion, a PE ratio of 41.62, a price-to-earnings-growth ratio of 1.40 and a beta of 1.15.
Analyst Ratings Changes
A number of equities analysts recently weighed in on AMRC shares. Guggenheim set a $58.00 price target on Ameresco in a research report on Monday, June 20th. Craig Hallum decreased their price target on Ameresco from $95.00 to $82.00 and set a “buy” rating for the company in a research report on Tuesday, August 2nd. Raymond James decreased their price target on Ameresco from $85.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, July 12th. Stifel Nicolaus decreased their price target on Ameresco from $91.00 to $82.00 and set a “buy” rating for the company in a research report on Tuesday, August 2nd. Finally, Piper Sandler decreased their price target on Ameresco from $62.00 to $57.00 and set a “neutral” rating for the company in a research report on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $72.15.
Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.
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