Inspire Investing LLC acquired Ameresco, Inc. during the fourth quarter. (NYSE:AMRC – Get Rating ) acquired a new stake, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,142 shares of the utilities provider’s stock, valued at approximately $237,000.
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A number of other institutional investors have also made changes to their positions in AMRC. JPMorgan Chase & Co. raised its stake in Ameresco by 24.8% in the 1st quarter. JPMorgan Chase & Co. after buying an additional 17,857 shares during the last quarter. now owns 89,815 shares of the utilities provider’s stock valued at $7,141,000. MetLife Investment Management LLC boosted its holdings in shares of Ameresco by 58.9% during the 1st quarter. MetLife Investment Management LLC now owns 15,991 shares of the utilities provider’s stock valued at $1,271,000 after acquiring an additional 5,927 shares during the last quarter. Rhumbline Advisers grew its position in shares of Ameresco by 6.8% during the first quarter. Rhumbline Advisers now owns 32,223 shares of the utilities provider’s stock valued at $2,562,000 after acquiring an additional 2,055 shares during the last quarter. BlackRock Inc. boosted its holdings in Ameresco by 3.2% during the first quarter. BlackRock Inc. now owns 2,355,254 shares of the utilities provider’s stock valued at $187,241,000 after acquiring an additional 72,667 shares during the last quarter. Finally, Cibc World Market Inc. boosted its position in Ameresco by 5.1% in the first quarter. Cibc World Market Inc. after purchasing an additional 399 shares in the last quarter. now owns 8,278 shares of the utilities provider’s stock valued at $658,000. Institutional investors own 57.50% of the company’s shares.
Analyzer upgrades and downgrades
Several research analysts have weighed in on the company. Roth Capital raised Ameresco from a “sell” rating to a “neutral” rating and set a $44.00 price objective on the stock in a research report on Wednesday, March 1st. Robert W. Baird dropped their target price on shares of Ameresco from $70.00 to $54.00 and set an “outperform” rating on the stock in a report on Tuesday, February 28th. Roth Mkm upgraded shares of Ameresco from a “sell” rating to a “neutral” rating and set a $44.00 price objective for the company in a research note on Wednesday, March 1st. Craig Hallum dropped their price objective on shares of Ameresco from $82.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, February 28th. Finally, StockNews.com raised shares of Ameresco in a report on Tuesday, January 10 to “sell” rating. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Moderate Buy” and a consensus target price of $66.43, according to data from MarketBeat.com.
Ameresco was trading up 0.4%
Shares of NYSE:AMRC opened at $44.55 on Friday. Ameresco, Inc. It has a 12-month low of $40.73 and a 12-month high of $80.00. The business has a 50-day moving average of $49.83 and a 200-day moving average of $57.20. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 0.65. The stock has a market cap of $2.31 billion, a PE ratio of 25.03, a P/E/G ratio of 0.94 and a beta of 1.28.
Ameresco (NYSE:AMRC – Get Rating ) last released its quarterly earnings results on Monday, February 27th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). The firm had revenue of $331.73 million for the quarter, compared to the consensus estimate of $365.63 million. Ameresco had a net margin of 5.20% and a return on equity of 12.44%. The business’s revenue for the quarter was down 20.2% compared to the same quarter last year. In the same quarter last year, the firm earned $0.50 per share. As a group, equities research analysts predict that Ameresco, Inc. It will post earnings per share of 1.82 for the current year.
Ameresco, Inc is engaged in the provision of energy services, including energy efficiency, infrastructure upgrades, resource sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following divisions: US Territories, US Federal, Canada, Non-Solar Distributed Generation (DG), and All Others.
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