Vanguard Group Inc. Sells 31,449 Shares of Ameresco, Inc. (NYSE:AMRC)

Vanguard Group Inc. trimmed its position in shares of Ameresco, Inc. (NYSE:AMRCFree Report) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,068,336 shares of the utilities provider’s stock after selling 31,449 shares during the quarter. Vanguard Group Inc. owned 0.06% of Ameresco worth $118,315,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AMRC. International Assets Investment Management LLC bought a new stake in Ameresco during the third quarter worth about $28,000. Tower Research Capital LLC TRC grew its stake in shares of Ameresco by 302.4% during the first quarter. Tower Research Capital LLC TRC now owns 849 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 638 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Ameresco during the first quarter valued at approximately $50,000. Comerica Bank bought a new stake in shares of Ameresco during the third quarter valued at approximately $107,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Ameresco by 85.3% during the fourth quarter. Advisors Asset Management Inc. now owns 1,907 shares of the utilities provider’s stock valued at $109,000 after purchasing an additional 878 shares during the last quarter. 99.24% of the stock is owned by institutional investors.

Ameresco Trading Down 1.8 %

AMRC opened at $23.43 on Thursday. The firm’s fifty day moving average is $21.50 and its two-hundred day moving average is $27.37. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.24 and a current ratio of 1.25. The firm has a market cap of $1.22 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.56. Ameresco, Inc. has a twelve month low of $17.55 and a twelve month high of $63.19.

Ameresco (NYSE:AMRCGet Free Report) last posted its earnings results on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.09. The company had revenue of $441.40 million for the quarter, compared to analyst estimates of $399.98 million. Ameresco had a net margin of 4.54% and a return on equity of 7.49%. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. Equities research analysts anticipate that Ameresco, Inc. will post 1.4 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on AMRC shares. Canaccord Genuity Group decreased their price target on shares of Ameresco from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Raymond James decreased their price target on shares of Ameresco from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday. B. Riley decreased their price target on shares of Ameresco from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. BNP Paribas raised shares of Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Tuesday, March 12th. Finally, Piper Sandler cut their price objective on shares of Ameresco from $42.00 to $32.00 and set an “overweight” rating on the stock in a report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.50.

View Our Latest Stock Analysis on Ameresco

About Ameresco

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Ameresco (NYSE:AMRC)

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