State Street Corp raised its stake in Ameresco Inc (NYSE:AMRC) by 8.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 468,435 shares of the utilities provider’s stock after buying an additional 38,157 shares during the period. State Street Corp owned approximately 0.98% of Ameresco worth $7,977,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Legal & General Group Plc raised its position in Ameresco by 25.8% in the first quarter. Legal & General Group Plc now owns 4,613 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 945 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Ameresco by 26.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,993 shares of the utilities provider’s stock worth $119,000 after buying an additional 1,445 shares during the period. Citigroup Inc. boosted its holdings in shares of Ameresco by 22.0% during the 1st quarter. Citigroup Inc. now owns 7,057 shares of the utilities provider’s stock worth $120,000 after buying an additional 1,271 shares during the period. SG Americas Securities LLC bought a new stake in shares of Ameresco during the 1st quarter worth about $134,000. Finally, Victory Capital Management Inc. boosted its holdings in Ameresco by 21.7% in the 4th quarter. Victory Capital Management Inc. now owns 12,181 shares of the utilities provider’s stock valued at $213,000 after purchasing an additional 2,172 shares during the period. 38.07% of the stock is currently owned by institutional investors.
In other news, Director Francis V. Wisneski, Jr. sold 2,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $19.44, for a total value of $38,880.00. Following the completion of the sale, the director now owns 82,676 shares in the company, valued at $1,607,221.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Anderson sold 8,085 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $20.47, for a total transaction of $165,499.95. Following the completion of the sale, the executive vice president now owns 91,915 shares of the company’s stock, valued at approximately $1,881,500.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 248,399 shares of company stock valued at $5,978,899. 55.86% of the stock is currently owned by corporate insiders.
Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.08. Ameresco had a net margin of 5.00% and a return on equity of 11.23%. The business had revenue of $212.41 million during the quarter, compared to analysts’ expectations of $167.33 million. On average, equities research analysts anticipate that Ameresco Inc will post 0.92 EPS for the current fiscal year.
A number of research firms have issued reports on AMRC. B. Riley began coverage on shares of Ameresco in a report on Friday, June 12th. They issued a “buy” rating and a $27.00 price objective for the company. Canaccord Genuity boosted their price objective on shares of Ameresco from $26.00 to $29.00 in a report on Wednesday, June 10th. Raymond James downgraded shares of Ameresco from a “strong-buy” rating to a “market perform” rating and set a $31.00 price objective for the company. in a report on Wednesday, July 22nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Ameresco from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a report on Tuesday, July 7th. Finally, Craig Hallum began coverage on shares of Ameresco in a report on Tuesday, June 9th. They issued a “buy” rating and a $33.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $29.29.
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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