Zions Bancorporation N.A. Has $1.52 Million Holdings in Ameresco, Inc. (NYSE:AMRC)

Zions Bancorporation N.A. boosted its stake in Ameresco, Inc. (NYSE:AMRC) by 13.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,884 shares of the utilities provider’s stock after purchasing an additional 7,739 shares during the period. Zions Bancorporation N.A. owned about 0.12% of Ameresco worth $1,523,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AMRC. Wellington Management Group LLP increased its stake in shares of Ameresco by 81.3% in the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock valued at $38,126,000 after buying an additional 450,571 shares during the period. First Eagle Investment Management LLC increased its position in Ameresco by 87.7% during the 4th quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider’s stock valued at $9,888,000 after purchasing an additional 196,776 shares during the period. Stifel Financial Corp raised its holdings in Ameresco by 35.1% during the 3rd quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider’s stock worth $4,487,000 after purchasing an additional 30,718 shares during the last quarter. Barclays PLC lifted its position in shares of Ameresco by 204.2% in the 3rd quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock worth $2,248,000 after purchasing an additional 39,773 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Ameresco by 96.8% in the 4th quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider’s stock valued at $1,060,000 after purchasing an additional 22,197 shares during the last quarter. 99.24% of the stock is owned by institutional investors.

Insider Transactions at Ameresco

In other news, CEO George P. Sakellaris purchased 50,000 shares of Ameresco stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $9.96 per share, for a total transaction of $498,000.00. Following the transaction, the chief executive officer now directly owns 903,638 shares of the company’s stock, valued at approximately $9,000,234.48. This trade represents a 5.86 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Francis V. Wisneski, Jr. purchased 3,500 shares of Ameresco stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $9.67 per share, for a total transaction of $33,845.00. Following the completion of the transaction, the director now directly owns 17,738 shares of the company’s stock, valued at approximately $171,526.46. The trade was a 24.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. 42.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMRC has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. UBS Group downgraded Ameresco from a “buy” rating to a “sell” rating and dropped their price objective for the company from $37.00 to $8.00 in a research note on Tuesday, March 4th. Robert W. Baird decreased their target price on Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Finally, Canaccord Genuity Group lowered their target price on Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.63.

Ameresco Price Performance

Shares of NYSE AMRC opened at $12.79 on Wednesday. The stock has a market cap of $672.00 million, a price-to-earnings ratio of 12.79, a PEG ratio of 0.49 and a beta of 2.07. Ameresco, Inc. has a fifty-two week low of $9.04 and a fifty-two week high of $39.68. The firm’s 50-day simple moving average is $17.41 and its 200 day simple moving average is $25.35. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The company had revenue of $532.67 million for the quarter, compared to analyst estimates of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. As a group, research analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Ameresco 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.