Zions Bancorporation N.A. Has $2.17 Million Stock Holdings in Ameresco, Inc. (NYSE:AMRC)

Zions Bancorporation N.A. increased its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 18.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,145 shares of the utilities provider’s stock after purchasing an additional 8,835 shares during the quarter. Zions Bancorporation N.A. owned approximately 0.11% of Ameresco worth $2,168,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AMRC. Blue Trust Inc. increased its position in Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 391 shares during the period. nVerses Capital LLC acquired a new position in Ameresco in the 2nd quarter valued at approximately $75,000. Point72 DIFC Ltd acquired a new position in Ameresco in the 2nd quarter valued at approximately $86,000. GAMMA Investing LLC increased its position in Ameresco by 1,215.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 2,880 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Ameresco in the 2nd quarter valued at approximately $156,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMRC has been the subject of several recent research reports. Piper Sandler upped their price target on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. UBS Group upped their price objective on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Stifel Nicolaus increased their target price on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday. StockNews.com raised shares of Ameresco to a “sell” rating in a research note on Tuesday. Finally, Jefferies Financial Group began coverage on shares of Ameresco in a research note on Wednesday, September 4th. They set a “hold” rating and a $33.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Ameresco has a consensus rating of “Moderate Buy” and an average target price of $36.91.

Ameresco Stock Up 1.9 %

Ameresco stock opened at $26.78 on Friday. Ameresco, Inc. has a 1-year low of $17.55 and a 1-year high of $39.68. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.82. The firm’s fifty day moving average price is $33.06 and its two-hundred day moving average price is $31.01. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.36.

About Ameresco

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.