72,357 Shares in Ameresco, Inc. (NYSE:AMRC) Acquired by Norges Bank

Norges Bank purchased a new stake in shares of Ameresco, Inc. (NYSE:AMRC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 72,357 shares of the utilities provider’s stock, valued at approximately $1,699,000. Norges Bank owned about 0.14% of Ameresco at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMRC. FMR LLC lifted its stake in shares of Ameresco by 257.9% during the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after buying an additional 3,855 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Ameresco by 50.4% during the third quarter. Verition Fund Management LLC now owns 11,285 shares of the utilities provider’s stock worth $428,000 after acquiring an additional 3,780 shares during the period. Stifel Financial Corp grew its position in shares of Ameresco by 35.1% in the third quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider’s stock valued at $4,487,000 after purchasing an additional 30,718 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Ameresco by 81.3% during the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock worth $38,126,000 after purchasing an additional 450,571 shares during the period. Finally, Barclays PLC lifted its holdings in Ameresco by 204.2% during 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 during the last quarter. 99.24% of the stock is owned by institutional investors.

Ameresco Stock Performance

NYSE AMRC opened at $10.03 on Friday. Ameresco, Inc. has a 1 year low of $9.00 and a 1 year high of $39.68. The firm has a market capitalization of $526.99 million, a price-to-earnings ratio of 10.03, a P/E/G ratio of 0.49 and a beta of 2.02. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The firm’s 50 day simple moving average is $13.96 and its 200 day simple moving average is $23.00.

Ameresco (NYSE:AMRC) last posted 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. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The company had revenue of $532.67 million during the quarter, compared to analysts’ expectations of $524.31 million. As a group, research analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Insider Activity at Ameresco

In other Ameresco news, CEO George P. Sakellaris acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $9.96 per share, for a total transaction of $498,000.00. Following the acquisition, the chief executive officer now directly owns 903,638 shares in the company, valued at $9,000,234.48. This represents a 5.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Francis V. Wisneski, Jr. bought 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $9.67 per share, for a total transaction of $33,845.00. Following the completion of the transaction, the director now owns 17,738 shares in the company, valued at $171,526.46. This trade represents a 24.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 80,808 shares of company stock valued at $785,274 and have sold 40,085 shares valued at $843,378. 42.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.