DekaBank Deutsche Girozentrale Has $7.12 Million Holdings in Ameresco, Inc. (NYSE:AMRC)

DekaBank Deutsche Girozentrale boosted its stake in Ameresco, Inc. (NYSE:AMRC - Free Report) by 3,389.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,935 shares of the utilities provider's stock after buying an additional 179,635 shares during the period. DekaBank Deutsche Girozentrale owned 0.35% of Ameresco worth $7,124,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Ameresco by 100.3% in 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 during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Ameresco by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider's stock worth $356,000 after acquiring an additional 489 shares during the period. GAMMA Investing LLC increased its stake in shares of Ameresco by 19.8% during the third 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 during the period. Clean Yield Group lifted its position in Ameresco by 0.6% in the second quarter. Clean Yield Group now owns 170,007 shares of the utilities provider's stock worth $4,898,000 after purchasing an additional 1,087 shares during the period. Finally, State Board of Administration of Florida Retirement System increased 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 purchasing an additional 1,410 shares during the period. 99.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ameresco

In other Ameresco news, CFO Spencer Doran Hole sold 5,000 shares of Ameresco 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 completion of the transaction, the chief financial officer now directly owns 1,878 shares of the company's stock, valued at approximately $49,823.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 5,221 shares of company stock valued at $140,814. 42.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMRC has been the subject of a number of research analyst reports. Piper Sandler upped their price target on shares of Ameresco from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. UBS Group lifted their price target on Ameresco from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. Robert W. Baird upped their price target on shares of Ameresco from $32.00 to $42.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd. StockNews.com raised Ameresco to a "sell" rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group assumed coverage on Ameresco in a research note on Wednesday, September 4th. They set a "hold" rating and a $33.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Ameresco presently has an average rating of "Moderate Buy" and an average target price of $36.73.

Ameresco Stock Performance

Shares of NYSE AMRC traded up $0.78 during trading hours on Thursday, reaching $30.77. The stock had a trading volume of 259,516 shares, compared to its average volume of 470,568. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.21 and a beta of 1.79. Ameresco, Inc. has a twelve month low of $17.55 and a twelve month high of $39.68. The business's fifty day moving average is $33.00 and its two-hundred day moving average is $30.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.01 and a quick ratio of 1.00.

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 analysts' consensus estimates of $0.25 by ($0.15). The business had revenue of $437.98 million for the quarter, compared to the consensus estimate of $373.75 million. Ameresco had a return on equity of 6.25% and a net margin of 3.77%. Ameresco's revenue was up 33.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 earnings per share. As a group, research analysts expect that Ameresco, Inc. will post 1.16 EPS 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.