Price T Rowe Associates Inc. MD Grows Holdings in Ameresco, Inc. (NYSE:AMRC)

Price T Rowe Associates Inc. MD increased its holdings in Ameresco, Inc. (NYSE:AMRC) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,273 shares of the utilities provider’s stock after acquiring an additional 1,967 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.06% of Ameresco worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of AMRC. Vanguard Group Inc. grew its holdings in Ameresco by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider’s stock worth $74,767,000 after purchasing an additional 37,359 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Ameresco by 22.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider’s stock worth $27,230,000 after purchasing an additional 214,918 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Ameresco by 124.4% in the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider’s stock worth $19,682,000 after buying an additional 464,737 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ameresco by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 758,952 shares of the utilities provider’s stock worth $17,825,000 after buying an additional 4,177 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Ameresco by 9.4% during the 4th quarter. American Century Companies Inc. now owns 752,375 shares of the utilities provider’s stock valued at $17,666,000 after buying an additional 64,764 shares in the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Trading Up 1.4%

Ameresco stock opened at $13.37 on Monday. Ameresco, Inc. has a one year low of $8.49 and a one year high of $39.68. The business’s fifty day moving average is $11.08 and its 200 day moving average is $19.66. The stock has a market capitalization of $702.47 million, a PE ratio of 13.37, a price-to-earnings-growth ratio of 0.49 and a beta of 2.20. 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) last announced its quarterly earnings results on Monday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.15. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The firm had revenue of $352.83 million for the quarter, compared to the consensus estimate of $323.71 million. During the same quarter last year, the firm posted ($0.10) EPS. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts predict that Ameresco, Inc. will post 1.15 EPS for the current year.

Insider Buying and Selling

In other news, CEO George P. Sakellaris bought 50,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $9.96 per share, with a total value of $498,000.00. Following the completion of the transaction, the chief executive officer now owns 903,638 shares of the company’s stock, valued at approximately $9,000,234.48. This trade represents a 5.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Francis V. Wisneski, Jr. purchased 3,500 shares of Ameresco stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $9.67 per share, with a total value of $33,845.00. Following the transaction, the director now directly owns 17,738 shares in the company, valued at approximately $171,526.46. The trade was a 24.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 80,808 shares of company stock worth $785,274. 42.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on AMRC. Baird R W downgraded Ameresco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Piper Sandler set a $21.00 price target on Ameresco and gave the stock an “overweight” rating in a research report on Tuesday, May 6th. Stifel Nicolaus cut their price objective on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Canaccord Genuity Group raised their price objective on shares of Ameresco from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Finally, UBS Group cut shares of Ameresco from a “buy” rating to a “sell” rating and decreased their target price for the stock from $37.00 to $8.00 in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.33.

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.