Clean Yield Group Has $4.20 Million Holdings in Ameresco, Inc. (NYSE:AMRC)

Clean Yield Group cut its stake in Ameresco, Inc. (NYSE:AMRC - Free Report) by 34.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,767 shares of the utilities provider's stock after selling 59,240 shares during the period. Ameresco accounts for about 1.3% of Clean Yield Group's investment portfolio, making the stock its 24th biggest position. Clean Yield Group owned approximately 0.21% of Ameresco worth $4,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AMRC. Vanguard Group Inc. increased its position in Ameresco by 1.2% in the first quarter. Vanguard Group Inc. now owns 3,145,838 shares of the utilities provider's stock worth $75,909,000 after purchasing an additional 36,303 shares during the period. First Trust Advisors LP raised its stake in shares of Ameresco by 59.9% during the fourth quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider's stock worth $25,128,000 after buying an additional 297,236 shares during the last quarter. LGT Group Foundation acquired a new position in Ameresco in the second quarter valued at approximately $20,325,000. Granahan Investment Management LLC boosted its stake in Ameresco by 0.9% in the fourth quarter. Granahan Investment Management LLC now owns 521,672 shares of the utilities provider's stock valued at $16,521,000 after acquiring an additional 4,621 shares during the last quarter. Finally, Swedbank AB bought a new position in Ameresco in the first quarter valued at approximately $12,065,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Spencer Doran Hole sold 5,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $26.53, for a total transaction of $132,650.00. Following the sale, the chief financial officer now directly owns 1,878 shares of the company's stock, valued at approximately $49,823.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 5,221 shares of company stock valued at $140,814. 42.00% of the stock is owned by company insiders.

Ameresco Stock Performance

Ameresco stock traded down $1.30 during midday trading on Tuesday, reaching $33.54. 128,002 shares of the company's stock were exchanged, compared to its average volume of 479,698. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.00 and a current ratio of 1.01. The stock's 50-day simple moving average is $31.73 and its 200 day simple moving average is $29.32. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 30.49, a P/E/G ratio of 1.31 and a beta of 1.79. Ameresco, Inc. has a 52 week low of $17.55 and a 52 week high of $39.68.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on AMRC shares. Jefferies Financial Group initiated coverage on Ameresco in a research report on Wednesday, September 4th. They set a "hold" rating and a $33.00 target price for the company. UBS Group upped their target price on shares of Ameresco from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, September 5th. B. Riley upgraded shares of Ameresco to a "strong-buy" rating in a report on Tuesday, June 25th. Robert W. Baird boosted their price target on shares of Ameresco from $32.00 to $42.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. Finally, StockNews.com upgraded shares of Ameresco to a "sell" rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.46.

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.