KBC Group NV decreased its holdings in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 24.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,032 shares of the utilities provider's stock after selling 16,476 shares during the period. KBC Group NV owned approximately 0.10% of Ameresco worth $1,222,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Blue Trust Inc. lifted its position in shares of 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 acquiring an additional 391 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its holdings in Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider's stock worth $93,000 after purchasing an additional 2,279 shares during the last quarter. GAMMA Investing LLC boosted its position in Ameresco by 19.8% during the third quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider's stock worth $142,000 after purchasing an additional 618 shares in the last quarter. Cetera Trust Company N.A grew its holdings in Ameresco by 6.9% in the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock valued at $160,000 after purchasing an additional 440 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Ameresco by 257.9% during 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.
Insider Buying and Selling
In related news, Director Jennifer L. Miller sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the transaction, the director now owns 17,225 shares in the company, valued at approximately $362,758.50. This trade represents a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 42.00% of the company's stock.
Ameresco Trading Down 1.3 %
NYSE:AMRC traded down $0.27 during trading hours on Wednesday, reaching $20.21. 199,178 shares of the company were exchanged, compared to its average volume of 407,247. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 0.58 and a beta of 1.79. The stock has a 50 day simple moving average of $24.48 and a 200 day simple moving average of $28.79. 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 current ratio of 1.27 and a quick ratio of 1.26.
Analyst Ratings Changes
Several equities analysts have weighed in on AMRC shares. StockNews.com upgraded shares of Ameresco to a "sell" rating in a report on Tuesday, November 12th. Piper Sandler lifted their price objective on Ameresco from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus raised their price target on shares of Ameresco from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.90.
Check Out Our Latest Analysis on Ameresco
About Ameresco
(
Free Report)
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.
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