Ameresco, Inc. (NYSE:AMRC) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its position in Ameresco, Inc. (NYSE:AMRC) by 100.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 781 shares of the utilities provider’s stock after acquiring an additional 391 shares during the period. Blue Trust Inc.’s holdings in Ameresco were worth $30,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AMRC. LGT Group Foundation acquired a new stake in shares of Ameresco in the 2nd quarter worth $20,325,000. Swedbank AB acquired a new stake in shares of Ameresco in the 1st quarter worth $12,065,000. Point72 Asset Management L.P. acquired a new stake in shares of Ameresco in the 2nd quarter worth $10,821,000. Redwood Grove Capital LLC acquired a new stake in shares of Ameresco in the 1st quarter worth $7,170,000. Finally, American Century Companies Inc. lifted its stake in shares of Ameresco by 190.4% in the second quarter. American Century Companies Inc. now owns 184,281 shares of the utilities provider’s stock valued at $5,309,000 after purchasing an additional 120,833 shares during the period. Institutional investors and hedge funds own 99.24% of the company’s stock.

Insider Transactions at Ameresco

In other news, CFO Spencer Doran Hole sold 5,000 shares of Ameresco stock in a transaction dated Monday, August 12th. The shares were 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 directly owns 1,878 shares in the company, valued at $49,823.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 5,221 shares of company stock worth $140,814 over the last ninety days. 42.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AMRC shares. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research note on Wednesday, October 16th. Robert W. Baird raised their price objective on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Piper Sandler raised their price objective on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group started coverage on shares of Ameresco in a research note on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price objective for the company. Finally, UBS Group raised their price objective on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Ameresco currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.73.

Ameresco Stock Performance

NYSE:AMRC opened at $32.33 on Friday. The company has a market capitalization of $1.69 billion, a P/E ratio of 30.21, a price-to-earnings-growth ratio of 1.04 and a beta of 1.79. Ameresco, Inc. has a twelve month low of $17.55 and a twelve month high of $39.68. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $33.12 and a two-hundred day moving average price of $30.40.

Ameresco (NYSE:AMRC) last issued its quarterly 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). The firm had revenue of $437.98 million for the quarter, compared to analysts’ expectations of $373.75 million. Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The business’s quarterly revenue was up 33.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. As a group, research analysts expect that Ameresco, Inc. will post 1.16 earnings per share for the current fiscal 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.