Northern Trust Corp lessened its holdings in shares of Ameresco Inc (NYSE:AMRC) by 2.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 218,885 shares of the utilities provider’s stock after selling 5,109 shares during the quarter. Northern Trust Corp owned about 0.45% of Ameresco worth $3,224,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Bank of Montreal Can boosted its position in Ameresco by 335.9% during the second quarter. Bank of Montreal Can now owns 2,345 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 1,807 shares during the period. Candriam Luxembourg S.C.A. purchased a new stake in shares of Ameresco in the second quarter worth about $242,000. Guinness Atkinson Asset Management Inc lifted its holdings in shares of Ameresco by 20.4% in the second quarter. Guinness Atkinson Asset Management Inc now owns 18,300 shares of the utilities provider’s stock worth $270,000 after buying an additional 3,100 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Ameresco in the first quarter worth about $396,000. Finally, Alps Advisors Inc. lifted its holdings in shares of Ameresco by 124.9% in the second quarter. Alps Advisors Inc. now owns 29,587 shares of the utilities provider’s stock worth $436,000 after buying an additional 16,430 shares in the last quarter. Hedge funds and other institutional investors own 30.89% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Ameresco from a “strong-buy” rating to a “hold” rating in a report on Wednesday. ValuEngine downgraded shares of Ameresco from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Ameresco has an average rating of “Buy” and a consensus target price of $18.30.
Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Ameresco had a net margin of 4.62% and a return on equity of 8.29%. The firm had revenue of $198.20 million for the quarter, compared to the consensus estimate of $196.95 million. During the same period in the prior year, the firm posted $0.19 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side analysts predict that Ameresco Inc will post 0.8 earnings per share for the current year.
In related news, Director Jennifer L. Miller bought 4,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $14.15 per share, with a total value of $56,600.00. Following the completion of the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $169,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David J. Corrsin sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $16.00, for a total transaction of $960,000.00. Following the completion of the sale, the executive vice president now directly owns 1,037,722 shares in the company, valued at $16,603,552. The disclosure for this sale can be found here. Insiders sold 433,400 shares of company stock worth $6,285,737 over the last ninety days. 55.86% of the stock is currently owned by insiders.
Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.
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