Zions Bancorporation N.A. Increases Stock Position in Ameresco, Inc. (NYSE:AMRC)

Zions Bancorporation N.A. grew its position in Ameresco, Inc. (NYSE:AMRC) by 18.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,145 shares of the utilities provider’s stock after purchasing an additional 8,835 shares during the period. Zions Bancorporation N.A.’s holdings in Ameresco were worth $2,168,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in Ameresco by 11.6% during the first quarter. Russell Investments Group Ltd. now owns 82,273 shares of the utilities provider’s stock worth $1,985,000 after buying an additional 8,542 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Ameresco by 15.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock worth $256,000 after buying an additional 1,410 shares during the last quarter. Vanguard Group Inc. increased its holdings in Ameresco by 1.2% during the first quarter. Vanguard Group Inc. now owns 3,145,838 shares of the utilities provider’s stock worth $75,909,000 after buying an additional 36,303 shares during the last quarter. Connors Investor Services Inc. increased its holdings in Ameresco by 35.4% during the first quarter. Connors Investor Services Inc. now owns 142,915 shares of the utilities provider’s stock worth $3,449,000 after buying an additional 37,368 shares during the last quarter. Finally, Nicola Wealth Management LTD. increased its holdings in Ameresco by 30.9% during the first quarter. Nicola Wealth Management LTD. now owns 72,000 shares of the utilities provider’s stock worth $1,737,000 after buying an additional 17,000 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMRC. Jefferies Financial Group assumed coverage on shares of Ameresco in a report on Wednesday, September 4th. They set a “hold” rating and a $33.00 price objective for the company. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research note on Tuesday. 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. Robert W. Baird lifted their target price on shares of Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, UBS Group lifted their target price on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ameresco has a consensus rating of “Moderate Buy” and an average price target of $36.91.

Ameresco Trading Up 1.9 %

Shares of Ameresco stock opened at $26.78 on Friday. Ameresco, Inc. has a 1 year low of $17.55 and a 1 year high of $39.68. The firm has a market cap of $1.40 billion, a PE ratio of 26.78, a PEG ratio of 0.89 and a beta of 1.82. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.00. The company has a 50 day simple moving average of $33.06 and a two-hundred day simple moving average of $31.01.

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.