Ameresco, Inc. (NYSE:AMRC) Shares Acquired by Zions Bancorporation N.A.

Zions Bancorporation N.A. boosted its holdings in Ameresco, Inc. (NYSE:AMRC) by 58.2% during the second quarter, Holdings Channel.com reports. The fund owned 48,310 shares of the utilities provider’s stock after acquiring an additional 17,765 shares during the period. Zions Bancorporation N.A.’s holdings in Ameresco were worth $1,392,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bridge City Capital LLC grew its position in shares of Ameresco by 0.8% in the first quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 622 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Ameresco by 8.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,318 shares of the utilities provider’s stock valued at $295,000 after buying an additional 752 shares during the last quarter. Otter Creek Advisors LLC grew its holdings in Ameresco by 1.2% during the 4th quarter. Otter Creek Advisors LLC now owns 68,816 shares of the utilities provider’s stock valued at $2,181,000 after buying an additional 818 shares during the last quarter. Clean Yield Group increased its position in Ameresco by 0.6% during the second quarter. Clean Yield Group now owns 170,007 shares of the utilities provider’s stock worth $4,898,000 after buying an additional 1,087 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Ameresco by 15.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 1,410 shares during the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMRC has been the topic of a number of analyst reports. StockNews.com raised Ameresco to a “sell” rating in a research note on Saturday, August 17th. Piper Sandler lowered their price target on shares of Ameresco from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. 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 price objective on the stock. UBS Group lifted their target price on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Robert W. Baird reissued an “outperform” rating and set a $32.00 price target on shares of Ameresco in a research note on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.69.

Insider Transactions at Ameresco

In other news, CFO Spencer Doran Hole sold 5,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $26.53, for a total transaction of $132,650.00. Following the completion of the sale, the chief financial officer now owns 1,878 shares in the company, valued at $49,823.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 42.00% of the stock is currently owned by insiders.

Ameresco Trading Up 3.2 %

Shares of AMRC stock opened at $34.28 on Friday. The firm has a market capitalization of $1.80 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 1.15 and a beta of 1.78. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.00 and a current ratio of 1.01. Ameresco, Inc. has a 1 year low of $17.55 and a 1 year high of $47.56. The stock has a fifty day moving average of $29.77 and a two-hundred day moving average of $27.19.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, August 5th. The utilities provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Ameresco had a net margin of 3.77% and a return on equity of 6.25%. The firm had revenue of $437.98 million during the quarter, compared to analysts’ expectations of $373.75 million. During the same quarter last year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 33.9% compared to the same quarter last year. As a group, research analysts expect that Ameresco, Inc. will post 1.16 EPS for the current year.

Ameresco Company Profile

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.