Wellington Management Group LLP Decreases Stock Holdings in Ameresco, Inc. (NYSE:AMRC)

Wellington Management Group LLP trimmed its stake in Ameresco, Inc. (NYSE:AMRC - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 975,086 shares of the utilities provider's stock after selling 29,816 shares during the quarter. Wellington Management Group LLP owned approximately 1.86% of Ameresco worth $22,895,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its holdings in Ameresco by 257.9% in the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider's stock worth $203,000 after acquiring an additional 3,855 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Ameresco by 50.4% in the third quarter. Verition Fund Management LLC now owns 11,285 shares of the utilities provider's stock valued at $428,000 after purchasing an additional 3,780 shares during the period. Stifel Financial Corp boosted its holdings in Ameresco by 35.1% in 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 grew its stake in Ameresco by 204.2% in the 3rd quarter. Barclays PLC now owns 59,248 shares of the utilities provider's stock valued at $2,248,000 after buying an additional 39,773 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Ameresco by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 754,775 shares of the utilities provider's stock valued at $28,642,000 after acquiring an additional 10,197 shares during the period. 99.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMRC. Stifel Nicolaus cut their price target on shares of Ameresco from $34.00 to $18.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Canaccord Genuity Group reduced their target price on Ameresco from $36.00 to $27.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Robert W. Baird decreased their target price on Ameresco from $42.00 to $25.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. Finally, UBS Group downgraded Ameresco from a "buy" rating to a "sell" rating and dropped their price target for the company from $37.00 to $8.00 in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.57.

Insider Activity

In related news, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $9.67 per share, for a total transaction of $33,845.00. Following the purchase, the director now directly owns 17,738 shares of the company's stock, valued at approximately $171,526.46. This represents a 24.58 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the transaction, the director now owns 17,225 shares of the company's stock, valued at $362,758.50. The trade was a 69.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. 42.00% of the stock is currently owned by company insiders.

Ameresco Trading Down 1.9 %

AMRC traded down $0.19 during trading on Friday, hitting $10.03. 373,094 shares of the stock traded hands, compared to its average volume of 488,622. The firm has a 50-day moving average of $13.96 and a 200 day moving average of $23.00. Ameresco, Inc. has a 12-month low of $9.00 and a 12-month high of $39.68. The firm has a market capitalization of $526.99 million, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 0.49 and a beta of 2.02. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates 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%. Equities research analysts anticipate that Ameresco, Inc. will post 1.15 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.