Ameresco, Inc. (NYSE:AMRC) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its position in Ameresco, Inc. (NYSE:AMRC) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,261 shares of the utilities provider’s stock after acquiring an additional 6,872 shares during the quarter. LPL Financial LLC owned approximately 0.13% of Ameresco worth $1,551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMRC. First Eagle Investment Management LLC grew its stake in Ameresco by 87.7% during the 4th quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider’s stock worth $9,888,000 after purchasing an additional 196,776 shares in the last quarter. Barclays PLC grew its position in shares of Ameresco by 204.2% during the third quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock worth $2,248,000 after buying an additional 39,773 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Ameresco by 96.8% during the fourth quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider’s stock worth $1,060,000 after buying an additional 22,197 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Ameresco in the fourth quarter valued at approximately $259,000. Finally, SG Americas Securities LLC lifted its stake in Ameresco by 70.7% in the fourth quarter. SG Americas Securities LLC now owns 42,506 shares of the utilities provider’s stock worth $998,000 after acquiring an additional 17,600 shares during the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Ameresco Price Performance

Shares of AMRC opened at $10.04 on Friday. The firm has a market capitalization of $527.72 million, a PE ratio of 10.04, a P/E/G ratio of 0.49 and a beta of 2.02. The stock’s 50 day moving average is $13.10 and its two-hundred day moving average is $22.33. Ameresco, Inc. has a twelve month low of $9.00 and a twelve month high of $39.68. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36.

Ameresco (NYSE:AMRC) last released its quarterly earnings data 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 net margin of 3.18% and a return on equity of 5.68%. The firm had revenue of $532.67 million for the quarter, compared to the consensus estimate of $524.31 million. Research analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Insider Activity

In other news, Director Francis V. Wisneski, Jr. bought 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased 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. The trade was a 24.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George P. Sakellaris purchased 50,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $9.96 per share, with a total value of $498,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 903,638 shares in the company, valued at $9,000,234.48. The trade was a 5.86 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 80,808 shares of company stock worth $785,274 and have sold 40,085 shares worth $843,378. Company insiders own 42.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMRC. Canaccord Genuity Group reduced their price objective on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Robert W. Baird reissued a “neutral” rating and set a $13.00 target price (down previously from $25.00) on shares of Ameresco in a research report on Tuesday. UBS Group cut Ameresco from a “buy” rating to a “sell” rating and cut their target price for the stock from $37.00 to $8.00 in a research report on Tuesday, March 4th. Baird R W cut shares of Ameresco from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Stifel Nicolaus lowered their price target on Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.86.

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.