Grantham Mayo Van Otterloo & Co. LLC Sells 178,447 Shares of Ameresco, Inc. (NYSE:AMRC)

Grantham Mayo Van Otterloo & Co. LLC reduced its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,031,124 shares of the utilities provider's stock after selling 178,447 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 7.69% of Ameresco worth $94,651,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of AMRC. Wellington Management Group LLP lifted its stake in Ameresco by 81.3% in 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 buying an additional 450,571 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of Ameresco by 87.7% during 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 purchasing an additional 196,776 shares during the period. Stifel Financial Corp raised its stake 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 buying an additional 30,718 shares during the period. Barclays PLC lifted its holdings in shares of Ameresco by 204.2% in the 3rd quarter. Barclays PLC now owns 59,248 shares of the utilities provider's stock worth $2,248,000 after purchasing an additional 39,773 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Ameresco by 96.8% during the fourth quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider's stock valued at $1,060,000 after buying an additional 22,197 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Stifel Nicolaus lowered their price objective on Ameresco from $34.00 to $18.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. UBS Group downgraded shares of Ameresco from a "buy" rating to a "sell" rating and cut their price objective for the stock from $37.00 to $8.00 in a report on Tuesday, March 4th. Canaccord Genuity Group lowered their target price 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. Finally, Robert W. Baird cut their price target on shares of Ameresco from $42.00 to $25.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.57.

Ameresco Price Performance

NYSE:AMRC traded down $0.82 during mid-day trading on Thursday, hitting $9.99. 279,006 shares of the stock traded hands, compared to its average volume of 487,580. Ameresco, Inc. has a 12-month low of $8.11 and a 12-month high of $39.68. 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 has a market cap of $524.67 million, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.49 and a beta of 2.02. The business's 50-day moving average price is $14.38 and its 200 day moving average price is $23.38.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.76 by $0.12. The company had revenue of $532.67 million during the quarter, compared to analyst estimates of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. On average, analysts expect that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Insider Buying and Selling at Ameresco

In related news, CEO George P. Sakellaris acquired 50,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $9.96 per share, for a total transaction of $498,000.00. Following the acquisition, the chief executive officer now owns 903,638 shares of the company's stock, valued at $9,000,234.48. This trade represents a 5.86 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the transaction, the director now directly owns 17,225 shares of the company's stock, valued at approximately $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 80,808 shares of company stock worth $785,274 and have sold 40,085 shares worth $843,378. Company insiders own 42.00% of the company's stock.

Ameresco Company 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.