State Street Corp Lowers Stock Holdings in Ameresco, Inc. (NYSE:AMRC)

State Street Corp reduced its stake in Ameresco, Inc. (NYSE:AMRC) by 0.5% during the third quarter, HoldingsChannel.com reports. The firm owned 1,125,730 shares of the utilities provider’s stock after selling 5,557 shares during the quarter. State Street Corp’s holdings in Ameresco were worth $42,710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in Ameresco by 100.3% during 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 last quarter. Point72 Asia Singapore Pte. Ltd. raised its position 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 purchasing an additional 2,279 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Ameresco in the 2nd quarter worth about $75,000. Point72 DIFC Ltd bought a new position in Ameresco in the 2nd quarter worth about $86,000. Finally, GAMMA Investing LLC grew its position in Ameresco by 19.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 618 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Stock Performance

AMRC opened at $22.10 on Friday. The company’s 50 day moving average is $28.94 and its 200 day moving average is $30.74. 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 company has a market cap of $1.16 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 0.90 and a beta of 1.76. Ameresco, Inc. has a 12-month low of $17.55 and a 12-month high of $39.68.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Jefferies Financial Group assumed coverage on Ameresco in a research note on Wednesday, September 4th. They set a “hold” rating and a $33.00 target price on the stock. Piper Sandler boosted their price target on Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. UBS Group increased their price objective on Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, Robert W. Baird boosted their target price on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.90.

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.