Wells Fargo & Company MN Buys 12,915 Shares of Ameresco, Inc. (AMRC)
Wells Fargo & Company MN boosted its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 84.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,170 shares of the utilities provider’s stock after acquiring an additional 12,915 shares during the quarter. Wells Fargo & Company MN owned about 0.06% of Ameresco worth $217,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Pillar Pacific Capital Management LLC purchased a new position in shares of Ameresco during the 2nd quarter worth approximately $151,000. Janney Montgomery Scott LLC raised its stake in shares of Ameresco by 4.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 22,676 shares of the utilities provider’s stock worth $175,000 after buying an additional 928 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Ameresco by 0.3% during the 1st quarter. Bank of America Corp DE now owns 39,176 shares of the utilities provider’s stock worth $257,000 after buying an additional 136 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Ameresco by 5.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 62,210 shares of the utilities provider’s stock worth $408,000 after buying an additional 3,420 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of Ameresco during the 2nd quarter worth approximately $692,000. 25.27% of the stock is owned by institutional investors.
In other Ameresco news, insider Joseph P. Demanche sold 30,329 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $8.40, for a total transaction of $254,763.60. Following the completion of the transaction, the insider now owns 159,671 shares of the company’s stock, valued at $1,341,236.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph P. Demanche sold 7,007 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $8.00, for a total value of $56,056.00. Following the transaction, the insider now directly owns 196,625 shares of the company’s stock, valued at approximately $1,573,000. The disclosure for this sale can be found here. Insiders sold a total of 44,549 shares of company stock valued at $367,680 over the last ninety days. 58.36% of the stock is currently owned by company insiders.
Ameresco, Inc. (AMRC) opened at $8.50 on Wednesday. Ameresco, Inc. has a one year low of $4.80 and a one year high of $8.80. The firm has a market capitalization of $386.77, a P/E ratio of 24.29, a P/E/G ratio of 3.41 and a beta of 1.12. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 0.57.
Ameresco (NYSE:AMRC) last released its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. Ameresco had a return on equity of 5.42% and a net margin of 2.49%. The firm had revenue of $204.74 million during the quarter, compared to the consensus estimate of $186.20 million. During the same period last year, the business posted $0.16 EPS. Ameresco’s quarterly revenue was up 13.4% on a year-over-year basis. equities analysts predict that Ameresco, Inc. will post 0.41 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on the company. Oppenheimer Holdings, Inc. set a $9.00 target price on Ameresco and gave the stock a “buy” rating in a research note on Wednesday, August 9th. BidaskClub raised Ameresco from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research note on Monday, August 14th. Finally, Canaccord Genuity increased their target price on Ameresco from $8.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $8.88.
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.
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