Fmr LLC Buys 3,855 Shares of Ameresco, Inc. (NYSE:AMRC)

Fmr LLC lifted its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 257.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,350 shares of the utilities provider’s stock after buying an additional 3,855 shares during the period. Fmr LLC’s holdings in Ameresco were worth $203,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Ameresco by 100.3% in the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after buying an additional 391 shares during the period. nVerses Capital LLC bought a new stake in Ameresco during the 2nd quarter worth approximately $75,000. Point72 DIFC Ltd bought a new stake in Ameresco during the 2nd quarter worth approximately $86,000. GAMMA Investing LLC increased its position in Ameresco by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 618 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Ameresco during the second quarter valued at $156,000. 99.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMRC. Robert W. Baird increased their price target on Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. 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 report on Monday, November 11th. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research report on Tuesday, November 12th. UBS Group increased their price objective on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Finally, Piper Sandler lifted their target price on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. 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 stock. According to data from MarketBeat.com, Ameresco presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.90.

Ameresco Price Performance

NYSE:AMRC opened at $22.35 on Friday. The stock has a market cap of $1.17 billion, a PE ratio of 22.35, a P/E/G ratio of 0.90 and a beta of 1.76. 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 business’s 50-day simple moving average is $28.47 and its two-hundred day simple moving average is $30.59. Ameresco, Inc. has a 52 week low of $17.55 and a 52 week high of $39.68.

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.