BNP Paribas Financial Markets Has $3.25 Million Holdings in Ameresco, Inc. (NYSE:AMRC)

BNP Paribas Financial Markets increased its position in shares of Ameresco, Inc. (NYSE:AMRC) by 17.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,772 shares of the utilities provider’s stock after purchasing an additional 12,688 shares during the period. BNP Paribas Financial Markets’ holdings in Ameresco were worth $3,254,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMRC. Price T Rowe Associates Inc. MD raised its stake in shares of Ameresco by 34.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,931 shares of the utilities provider’s stock valued at $650,000 after buying an additional 6,875 shares in the last quarter. GAMMA Investing LLC raised its position in Ameresco by 1,215.2% in the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 2,880 shares in the last quarter. SG Americas Securities LLC bought a new position in Ameresco during the second quarter worth about $156,000. Bank of New York Mellon Corp boosted its holdings in Ameresco by 24.1% during the second quarter. Bank of New York Mellon Corp now owns 129,427 shares of the utilities provider’s stock valued at $3,729,000 after purchasing an additional 25,121 shares in the last quarter. Finally, Legato Capital Management LLC grew its stake in shares of Ameresco by 25.4% in the 2nd quarter. Legato Capital Management LLC now owns 30,176 shares of the utilities provider’s stock valued at $869,000 after purchasing an additional 6,107 shares during the period. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Stock Down 1.9 %

Shares of AMRC stock opened at $27.30 on Friday. Ameresco, Inc. has a 12-month low of $17.55 and a 12-month high of $39.68. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The firm has a fifty day moving average of $30.82 and a 200-day moving average of $31.24. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 0.97 and a beta of 1.76.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Jefferies Financial Group initiated coverage on Ameresco in a report on Wednesday, September 4th. They set a “hold” rating and a $33.00 price objective for the company. Robert W. Baird boosted their price objective on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. UBS Group raised their target price on Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Stifel Nicolaus upped their price target on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, 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 report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Ameresco presently has an average rating of “Moderate Buy” and an average target price of $36.91.

About Ameresco

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.