Raymond James Financial Services Advisors Inc. Sells 4,969 Shares of Ameresco, Inc. (NYSE:AMRC)

Posted by on Nov 4th, 2023

Raymond James Financial Services Advisors Inc. lessened its position in Ameresco, Inc. (NYSE:AMRC – Free Report) by 44.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,111 shares of the utilities provider’s stock after selling 4,969 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Ameresco were worth $297,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AMRC. JPMorgan Chase & Co. increased its stake in Ameresco by 24.8% in the first quarter. JPMorgan Chase & Co. now owns 89,815 shares of the utilities provider’s stock valued at $7,141,000 after purchasing an additional 17,857 shares in the last quarter. MetLife Investment Management LLC increased its stake in Ameresco by 58.9% in the first quarter. MetLife Investment Management LLC now owns 15,991 shares of the utilities provider’s stock valued at $1,271,000 after purchasing an additional 5,927 shares in the last quarter. Rhumbline Advisers increased its stake in Ameresco by 6.8% in the first quarter. Rhumbline Advisers now owns 32,223 shares of the utilities provider’s stock valued at $2,562,000 after purchasing an additional 2,055 shares in the last quarter. BlackRock Inc. increased its stake in Ameresco by 3.2% in the first quarter. BlackRock Inc. now owns 2,355,254 shares of the utilities provider’s stock valued at $187,241,000 after purchasing an additional 72,667 shares in the last quarter. Finally, Cibc World Market Inc. increased its position in shares of Ameresco by 5.1% during the first quarter. Cibc World Market Inc. now owns 8,278 shares of the utilities provider’s stock worth $658,000 after acquiring an additional 399 shares in the last quarter. Institutional investors own 61.61% of the company’s stock.

Ameresco Price Performance

NYSE:AMRC opened at $29.82 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.21 and a current ratio of 1.23. Ameresco, Inc. has a 52 week low of $24.95 and a 52 week high of $68.75. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 30.12, a P/E/G ratio of 0.57 and a beta of 1.53. The firm’s 50-day simple moving average is $36.94 and its 200 day simple moving average is $44.04.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Francis V. Wisneski, Jr. sold 2,163 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $50.13, for a total value of $108,431.19. Following the transaction, the director now directly owns 11,176 shares of the company’s stock, valued at approximately $560,252.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Spencer Doran Hole sold 5,000 shares of Ameresco stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $41.86, for a total transaction of $209,300.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Francis V. Wisneski, Jr. sold 2,163 shares of Ameresco stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $50.13, for a total transaction of $108,431.19. Following the sale, the director now owns 11,176 shares in the company, valued at $560,252.88. The disclosure for this sale can be found here. Insiders have sold a total of 17,670 shares of company stock valued at $774,221 in the last ninety days. 41.75% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMRC. Robert W. Baird increased their price objective on shares of Ameresco from $54.00 to $62.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Roth Capital upgraded shares of Ameresco from a “neutral” rating to a “buy” rating in a report on Wednesday, October 25th. Oppenheimer cut their price target on shares of Ameresco from $67.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, October 12th. Roth Mkm upgraded shares of Ameresco from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Wednesday, October 25th. Finally, Craig Hallum increased their price target on shares of Ameresco from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.50.

Check Out Our Latest Stock Analysis on Ameresco

Ameresco Company Profile

(Free Report)

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. The company operates through U.S. Regions, U.S. Federal, Canada, and Alternative Fuels segments. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.

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Institutional Ownership by Quarter for Ameresco (NYSE:AMRC)

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