Cetera Trust Company N.A Acquires 440 Shares of Ameresco, Inc. (NYSE:AMRC)

Cetera Trust Company N.A boosted its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,800 shares of the utilities provider’s stock after purchasing an additional 440 shares during the quarter. Cetera Trust Company N.A’s holdings in Ameresco were worth $160,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AMRC. Blue Trust Inc. grew its holdings in Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after buying an additional 391 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Ameresco in the 2nd quarter worth $86,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Ameresco by 1,294.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after buying an additional 2,279 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Ameresco by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after buying an additional 618 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Ameresco by 257.9% in the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after buying an additional 3,855 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AMRC shares. Piper Sandler boosted their target price on Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus increased their target price on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.90.

Ameresco Stock Down 3.3 %

Shares of NYSE AMRC opened at $23.41 on Wednesday. The stock has a 50 day moving average price of $25.52 and a 200 day moving average price of $29.44. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 0.61 and a beta of 1.79. Ameresco, Inc. has a 52-week low of $17.55 and a 52-week high of $39.68. 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 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.