Dupont Capital Management Corp bought a new stake in shares of Ameresco Inc (NYSE:AMRC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 31,650 shares of the utilities provider’s stock, valued at approximately $380,000. Dupont Capital Management Corp owned about 0.07% of Ameresco as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AMRC. Deutsche Bank AG raised its holdings in Ameresco by 42.8% in the 4th quarter. Deutsche Bank AG now owns 137,959 shares of the utilities provider’s stock worth $1,185,000 after acquiring an additional 41,337 shares during the last quarter. Bandera Partners LLC purchased a new position in Ameresco in the 1st quarter worth approximately $4,809,000. Wells Fargo & Company MN raised its holdings in Ameresco by 33.3% in the 1st quarter. Wells Fargo & Company MN now owns 143,720 shares of the utilities provider’s stock worth $1,868,000 after acquiring an additional 35,879 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Ameresco by 24.5% in the 4th quarter. Renaissance Technologies LLC now owns 291,100 shares of the utilities provider’s stock worth $2,503,000 after acquiring an additional 57,200 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in Ameresco by 14.7% in the 1st quarter. California Public Employees Retirement System now owns 72,464 shares of the utilities provider’s stock worth $942,000 after acquiring an additional 9,264 shares during the last quarter. Hedge funds and other institutional investors own 25.13% of the company’s stock.

A number of equities analysts recently weighed in on AMRC shares. Canaccord Genuity boosted their price objective on shares of Ameresco from $11.50 to $13.50 and gave the stock a “buy” rating in a report on Friday, April 27th. Zacks Investment Research lowered shares of Ameresco from a “buy” rating to a “hold” rating in a report on Tuesday, May 8th. ValuEngine lowered shares of Ameresco from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Oppenheimer boosted their price objective on shares of Ameresco from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Ameresco currently has an average rating of “Buy” and a consensus price target of $12.63.

Shares of AMRC opened at $14.40 on Tuesday. The firm has a market cap of $673.06 million, a price-to-earnings ratio of 18.95, a P/E/G ratio of 1.14 and a beta of 0.86. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. Ameresco Inc has a 1-year low of $6.80 and a 1-year high of $15.35.

Ameresco (NYSE:AMRC) last announced its earnings results on Tuesday, August 7th. The utilities provider reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. The business had revenue of $196.98 million during the quarter, compared to analyst estimates of $182.50 million. Ameresco had a net margin of 6.15% and a return on equity of 13.83%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. sell-side analysts expect that Ameresco Inc will post 0.71 earnings per share for the current year.

In other Ameresco news, insider Louis P. Maltezos sold 35,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $14.91, for a total transaction of $521,850.00. Following the completion of the sale, the insider now directly owns 32,000 shares in the company, valued at approximately $477,120. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Louis P. Maltezos sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $11.15, for a total transaction of $55,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,000 shares of company stock valued at $883,850. Company insiders own 57.93% of the company’s stock.

Ameresco Company Profile

Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.

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Institutional Ownership by Quarter for Ameresco (NYSE:AMRC)

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