Vanguard Group Inc. Increases Stake in Ameresco, Inc. (NYSE:AMRC)

Vanguard Group Inc. raised its holdings in Ameresco, Inc. (NYSE:AMRC - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,184,264 shares of the utilities provider's stock after buying an additional 37,359 shares during the quarter. Vanguard Group Inc. owned 6.07% of Ameresco worth $74,767,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in shares of Ameresco by 81.3% during the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider's stock valued at $38,126,000 after acquiring an additional 450,571 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Ameresco by 87.7% in the fourth quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider's stock valued at $9,888,000 after acquiring an additional 196,776 shares during the last quarter. Stifel Financial Corp grew its position in Ameresco by 35.1% during the 3rd quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider's stock worth $4,487,000 after acquiring an additional 30,718 shares during the last quarter. Barclays PLC increased its holdings in Ameresco by 204.2% during the 3rd quarter. Barclays PLC now owns 59,248 shares of the utilities provider's stock valued at $2,248,000 after purchasing an additional 39,773 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Ameresco by 96.8% during the 4th quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider's stock worth $1,060,000 after buying an additional 22,197 shares in the last quarter. 99.24% of the stock is owned by institutional investors.

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Ameresco Price Performance

Shares of NYSE:AMRC traded up $0.80 during midday trading on Wednesday, hitting $10.38. The stock had a trading volume of 173,042 shares, compared to its average volume of 486,828. The company has a market capitalization of $545.48 million, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 0.49 and a beta of 2.02. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The company's 50-day moving average price is $13.53 and its 200-day moving average price is $22.60. Ameresco, Inc. has a fifty-two week low of $9.00 and a fifty-two week high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.12. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The company had revenue of $532.67 million for the quarter, compared to the consensus estimate of $524.31 million. As a group, equities research analysts predict that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Canaccord Genuity Group lowered their price target on shares of Ameresco from $36.00 to $27.00 and set a "buy" rating for the company in a report on Friday, February 28th. UBS Group downgraded shares of Ameresco from a "buy" rating to a "sell" rating and lowered their target price for the company from $37.00 to $8.00 in a research note on Tuesday, March 4th. Stifel Nicolaus decreased their price objective on Ameresco from $34.00 to $18.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Robert W. Baird reissued a "neutral" rating and issued a $13.00 target price (down previously from $25.00) on shares of Ameresco in a research report on Tuesday. Finally, Baird R W lowered shares of Ameresco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $24.86.

Insider Activity

In related news, CEO George P. Sakellaris purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $9.96 per share, with a total value of $498,000.00. Following the transaction, the chief executive officer now owns 903,638 shares of the company's stock, valued at $9,000,234.48. This represents a 5.86 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the sale, the director now owns 17,225 shares of the company's stock, valued at approximately $362,758.50. This trade represents a 69.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. Corporate insiders own 42.00% of the company's stock.

Ameresco Profile

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.