Bank of New York Mellon Corp trimmed its position in shares of Ameresco, Inc. (NYSE:AMRC) by 5.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,730 shares of the utilities provider’s stock after selling 6,774 shares during the quarter. Bank of New York Mellon Corp owned 0.25% of Ameresco worth $888,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its position in shares of Ameresco by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 62,590 shares of the utilities provider’s stock worth $482,000 after purchasing an additional 380 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Ameresco by 8.8% during the second quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 1,529 shares during the period. GSA Capital Partners LLP raised its position in shares of Ameresco by 4.1% during the second quarter. GSA Capital Partners LLP now owns 117,495 shares of the utilities provider’s stock worth $905,000 after purchasing an additional 4,600 shares during the period. Rock Point Advisors LLC raised its position in shares of Ameresco by 1.0% during the third quarter. Rock Point Advisors LLC now owns 819,978 shares of the utilities provider’s stock worth $6,396,000 after purchasing an additional 8,202 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Ameresco by 84.7% during the second quarter. Wells Fargo & Company MN now owns 28,170 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 12,915 shares during the period. 24.59% of the stock is currently owned by institutional investors.

A number of brokerages have recently weighed in on AMRC. Zacks Investment Research lowered Ameresco from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. BidaskClub lowered Ameresco from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $10.00 target price (up from $8.50) on shares of Ameresco in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $8.88.

In related news, insider Joseph P. Demanche sold 10,000 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $9.00, for a total value of $90,000.00. Following the completion of the sale, the insider now directly owns 140,000 shares of the company’s stock, valued at approximately $1,260,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph P. Demanche sold 30,329 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $8.40, for a total value of $254,763.60. Following the completion of the sale, the insider now directly owns 159,671 shares of the company’s stock, valued at $1,341,236.40. The disclosure for this sale can be found here. Insiders sold a total of 61,790 shares of company stock valued at $528,015 over the last three months. 58.36% of the stock is currently owned by insiders.

Ameresco, Inc. (NYSE AMRC) opened at $9.00 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.24 and a debt-to-equity ratio of 0.57. Ameresco, Inc. has a 12-month low of $4.80 and a 12-month high of $9.10. The firm has a market capitalization of $386.78, a P/E ratio of 24.32, a PEG ratio of 2.68 and a beta of 1.13.

Ameresco (NYSE:AMRC) last issued its earnings results on Tuesday, October 31st. The utilities provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The company had revenue of $204.74 million for the quarter, compared to analyst estimates of $186.20 million. Ameresco had a return on equity of 5.42% and a net margin of 2.49%. Ameresco’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 earnings per share. research analysts predict that Ameresco, Inc. will post 0.42 EPS for the current fiscal year.

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About Ameresco

Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.

Institutional Ownership by Quarter for Ameresco (NYSE:AMRC)

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