Allspring Global Investments Holdings LLC Takes Position in Ameresco, Inc. (NYSE:AMRC)

Allspring Global Investments Holdings LLC acquired a new position in Ameresco, Inc. (NYSE:AMRC) during the fourth quarter, Holdings Channel.com reports. The firm acquired 11,015 shares of the utilities provider’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMRC. Blue Trust Inc. lifted its holdings in Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after buying an additional 391 shares during the last quarter. PFG Investments LLC bought a new position in Ameresco during the 3rd quarter valued at $207,000. DekaBank Deutsche Girozentrale grew its holdings in Ameresco by 3,389.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 184,935 shares of the utilities provider’s stock worth $7,124,000 after acquiring an additional 179,635 shares during the period. Harvest Portfolios Group Inc. bought a new stake in Ameresco in the third quarter worth about $471,000. Finally, Victory Capital Management Inc. bought a new stake in Ameresco during the third quarter worth approximately $870,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Insider Buying and Selling

In related news, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the transaction, the director now owns 17,225 shares of the company’s stock, valued at $362,758.50. This represents a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMRC has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 11th. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.56.

Ameresco Stock Up 0.4 %

AMRC opened at $18.38 on Wednesday. The business has a 50 day moving average of $22.44 and a 200-day moving average of $27.75. Ameresco, Inc. has a 1-year low of $17.55 and a 1-year high of $39.68. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $963.74 million, a price-to-earnings ratio of 18.38, a P/E/G ratio of 0.49 and a beta of 1.79.

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.