Oppenheimer & Co. Inc. boosted its position in shares of Ameresco, Inc. (NYSE:AMRC – Get Rating) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,585 shares of the utilities provider’s stock after purchasing an additional 450 shares during the period. Oppenheimer & Co. Inc.’s holdings in Ameresco were worth $262,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in AMRC. Lazard Asset Management LLC acquired a new stake in Ameresco during the 1st quarter valued at $50,000. Advisors Asset Management Inc. grew its holdings in Ameresco by 1,878.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,029 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 977 shares in the last quarter. RFP Financial Group LLC acquired a new stake in Ameresco during the 4th quarter valued at $74,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Ameresco during the 4th quarter valued at $105,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Ameresco by 19.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,672 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 273 shares in the last quarter. 57.50% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
AMRC has been the topic of a number of research analyst reports. Oppenheimer reduced their price objective on shares of Ameresco from $76.00 to $64.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 28th. Craig Hallum reduced their price objective on shares of Ameresco from $82.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, February 28th. Raymond James reduced their price objective on shares of Ameresco from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 5th. Roth Mkm upgraded shares of Ameresco from a “sell” rating to a “neutral” rating and set a $44.00 price objective on the stock in a research note on Wednesday, March 1st. Finally, UBS Group initiated coverage on shares of Ameresco in a research note on Tuesday, May 2nd. They set a “buy” rating and a $60.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.40.
Ameresco Trading Up 1.0 %
Ameresco (NYSE:AMRC – Get Rating) last issued its quarterly earnings data on Monday, May 1st. The utilities provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $271.04 million during the quarter, compared to the consensus estimate of $231.61 million. Ameresco had a net margin of 4.85% and a return on equity of 9.74%. The company’s revenue for the quarter was down 42.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. Sell-side analysts anticipate that Ameresco, Inc. will post 1.79 earnings per share for the current year.
Insider Buying and Selling at Ameresco
In other Ameresco news, CFO Spencer Doran Hole sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $42.72, for a total transaction of $213,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 41.88% of the stock is owned by corporate insiders.
Ameresco, Inc engages in the provision of energy services, including energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation (DG), and All Other.
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