Captrust Financial Advisors Purchases 4,484 Shares of Ameresco, Inc. (NYSE:AMRC)

Captrust Financial Advisors increased its position in Ameresco, Inc. (NYSE:AMRC) by 25.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,131 shares of the utilities provider’s stock after acquiring an additional 4,484 shares during the period. Captrust Financial Advisors’ holdings in Ameresco were worth $520,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMRC. Bank of America Corp DE lifted its stake in Ameresco by 6.0% during the 4th quarter. Bank of America Corp DE now owns 196,592 shares of the utilities provider’s stock valued at $4,616,000 after acquiring an additional 11,163 shares during the period. Algert Global LLC raised its holdings in shares of Ameresco by 5.0% during the fourth quarter. Algert Global LLC now owns 167,888 shares of the utilities provider’s stock valued at $3,942,000 after purchasing an additional 7,985 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Ameresco during the fourth quarter valued at approximately $203,000. Tudor Investment Corp ET AL lifted its position in Ameresco by 42.0% during the fourth quarter. Tudor Investment Corp ET AL now owns 81,714 shares of the utilities provider’s stock valued at $1,919,000 after purchasing an additional 24,166 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in Ameresco by 6.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,273 shares of the utilities provider’s stock worth $711,000 after purchasing an additional 1,967 shares during the period. 99.24% of the stock is owned by institutional investors.

Ameresco Trading Up 1.3%

Ameresco stock opened at $14.95 on Monday. Ameresco, Inc. has a 12-month low of $8.49 and a 12-month high of $39.68. The firm has a market capitalization of $785.38 million, a price-to-earnings ratio of 14.95, a P/E/G ratio of 0.49 and a beta of 2.20. The firm has a 50 day moving average of $11.52 and a 200 day moving average of $19.10. 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 announced its quarterly earnings data on Monday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $323.71 million. During the same period in the prior year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, research analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AMRC shares. Piper Sandler set a $21.00 target price on shares of Ameresco and gave the company an “overweight” rating in a research note on Tuesday, May 6th. UBS Group downgraded Ameresco from a “buy” rating to a “sell” rating and lowered their target price for the company from $37.00 to $8.00 in a report on Tuesday, March 4th. Robert W. Baird restated a “neutral” rating and set a $13.00 price target (down from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. Baird R W lowered shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, Stifel Nicolaus lowered their price objective on shares of Ameresco from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ameresco presently has a consensus rating of “Hold” and a consensus target price of $20.17.

Insider Activity

In related news, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the firm’s stock in a transaction 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 purchase, the director now directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George P. Sakellaris acquired 25,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $9.27 per share, with a total value of $231,750.00. Following the transaction, the chief executive officer now owns 978,638 shares of the company’s stock, valued at approximately $9,071,974.26. This represents a 2.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 80,808 shares of company stock worth $785,274 over the last ninety days. Corporate insiders own 42.00% of the company’s stock.

Ameresco 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.