Harbor Capital Advisors Inc. Sells 20,634 Shares of Ameresco, Inc. (NYSE:AMRC)

Harbor Capital Advisors Inc. decreased its stake in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 30.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 48,153 shares of the utilities provider's stock after selling 20,634 shares during the quarter. Harbor Capital Advisors Inc. owned 0.09% of Ameresco worth $1,827,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 391 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Ameresco by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider's stock valued at $356,000 after acquiring an additional 489 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Ameresco by 19.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider's stock valued at $142,000 after acquiring an additional 618 shares in the last quarter. Clean Yield Group boosted its position in shares of Ameresco by 0.6% during the 2nd quarter. Clean Yield Group now owns 170,007 shares of the utilities provider's stock valued at $4,898,000 after acquiring an additional 1,087 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Ameresco by 15.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider's stock valued at $256,000 after acquiring an additional 1,410 shares in the last quarter. Institutional investors own 99.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AMRC shares. StockNews.com upgraded shares of Ameresco to a "sell" rating in a research report on Wednesday, October 16th. UBS Group boosted their price target on shares of Ameresco from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, September 5th. Piper Sandler boosted their price target on shares of Ameresco from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Robert W. Baird upped their target price on shares of Ameresco from $32.00 to $42.00 and gave the stock an "outperform" rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group started coverage on shares of Ameresco in a research report on Wednesday, September 4th. They set a "hold" rating and a $33.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.73.

Insider Buying and Selling at Ameresco

In other Ameresco news, CFO Spencer Doran Hole sold 5,000 shares of the company's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $26.53, for a total value of $132,650.00. Following the completion of the sale, the chief financial officer now owns 1,878 shares of the company's stock, valued at approximately $49,823.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 5,221 shares of company stock valued at $140,814. Corporate insiders own 42.00% of the company's stock.

Ameresco Trading Down 9.2 %

Shares of AMRC traded down $3.26 on Wednesday, reaching $32.14. 902,669 shares of the company's stock were exchanged, compared to its average volume of 471,751. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $1.68 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.12 and a beta of 1.82. The business has a 50 day moving average price of $33.30 and a two-hundred day moving average price of $30.78. Ameresco, Inc. has a 12 month low of $17.55 and a 12 month high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.15). Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The business had revenue of $437.98 million for the quarter, compared to the consensus estimate of $373.75 million. During the same period last year, the firm earned $0.15 earnings per share. The company's quarterly revenue was up 33.9% on a year-over-year basis. Research analysts anticipate that Ameresco, Inc. will post 1.16 earnings per share for the current year.

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.