Ameresco Inc (AMRC) Shares Bought by BlackRock Inc.

BlackRock Inc. raised its holdings in Ameresco Inc (NYSE:AMRC) by 13.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 970,738 shares of the utilities provider’s stock after buying an additional 114,297 shares during the period. BlackRock Inc. owned about 2.04% of Ameresco worth $11,649,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Royce & Associates LP raised its stake in Ameresco by 4.5% in the second quarter. Royce & Associates LP now owns 596,149 shares of the utilities provider’s stock valued at $7,154,000 after buying an additional 25,500 shares during the period. Gagnon Securities LLC raised its stake in Ameresco by 5.6% in the second quarter. Gagnon Securities LLC now owns 984,235 shares of the utilities provider’s stock valued at $11,811,000 after buying an additional 52,524 shares during the period. First Trust Advisors LP raised its stake in Ameresco by 623.5% in the second quarter. First Trust Advisors LP now owns 189,623 shares of the utilities provider’s stock valued at $2,275,000 after buying an additional 163,413 shares during the period. Sei Investments Co. bought a new stake in Ameresco in the second quarter valued at approximately $206,000. Finally, Wells Fargo & Company MN raised its stake in Ameresco by 33.3% in the first quarter. Wells Fargo & Company MN now owns 143,720 shares of the utilities provider’s stock valued at $1,868,000 after buying an additional 35,879 shares during the period. Hedge funds and other institutional investors own 28.26% of the company’s stock.

Several research firms have issued reports on AMRC. Zacks Investment Research upgraded Ameresco from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday. Canaccord Genuity upped their price objective on Ameresco from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer set a $17.00 price objective on Ameresco and gave the company a “buy” rating in a research note on Tuesday. ValuEngine lowered Ameresco from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Finally, Roth Capital lowered Ameresco from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $15.00 to $14.00 in a research note on Thursday, October 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Ameresco currently has a consensus rating of “Buy” and a consensus target price of $16.38.

In other news, insider Louis P. Maltezos sold 35,000 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $14.91, for a total transaction of $521,850.00. Following the transaction, the insider now owns 32,000 shares in the company, valued at $477,120. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Louis P. Maltezos sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 17th. The stock was sold at an average price of $12.43, for a total value of $62,150.00. Following the transaction, the insider now owns 35,000 shares in the company, valued at approximately $435,050. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,000 shares of company stock worth $863,700. 57.93% of the stock is owned by corporate insiders.

Shares of NYSE AMRC opened at $15.67 on Friday. The company has a market cap of $664.70 million, a PE ratio of 20.62, a PEG ratio of 1.15 and a beta of 0.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.57. Ameresco Inc has a 1-year low of $7.65 and a 1-year high of $16.59.

Ameresco (NYSE:AMRC) last announced its earnings results on Tuesday, October 30th. The utilities provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.08. The company had revenue of $205.40 million for the quarter, compared to analyst estimates of $208.40 million. Ameresco had a return on equity of 14.28% and a net margin of 6.43%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 earnings per share. Equities research analysts predict that Ameresco Inc will post 0.77 earnings per share for the current year.

Ameresco Profile

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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Institutional Ownership by Quarter for Ameresco (NYSE:AMRC)

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