West Oak Capital LLC Reduces Holdings in Ameresco, Inc. (NYSE:AMRC)

West Oak Capital LLC decreased its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 50.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,225 shares of the utilities provider’s stock after selling 14,520 shares during the quarter. West Oak Capital LLC’s holdings in Ameresco were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lazard Asset Management LLC purchased a new position in shares of Ameresco in the 1st quarter worth about $50,000. International Assets Investment Management LLC purchased a new stake in Ameresco in the third quarter worth approximately $28,000. Tower Research Capital LLC TRC grew its position in 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 acquiring an additional 638 shares during the last quarter. Advisors Asset Management Inc. raised 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 worth $109,000 after acquiring an additional 878 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Ameresco in the 2nd quarter worth approximately $116,000. 99.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on AMRC shares. BNP Paribas upgraded Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Tuesday, March 12th. Guggenheim reiterated a “neutral” rating on shares of Ameresco in a report on Thursday, February 29th. Canaccord Genuity Group cut their price target on shares of Ameresco from $50.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Bank of America lowered shares of Ameresco from a “buy” rating to a “neutral” rating and increased their target price for the stock from $29.00 to $37.00 in a report on Friday, December 15th. Finally, B. Riley dropped their price objective on Ameresco from $46.00 to $40.00 and set a “buy” rating for the company in a report on Monday, February 5th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Ameresco has an average rating of “Moderate Buy” and an average target price of $45.92.

Ameresco Stock Up 2.6 %

NYSE AMRC traded up $0.58 during mid-day trading on Thursday, reaching $23.32. The stock had a trading volume of 114,639 shares, compared to its average volume of 537,917. The stock has a market cap of $1.22 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 0.66 and a beta of 1.54. Ameresco, Inc. has a 1 year low of $17.55 and a 1 year high of $63.19. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.25 and a quick ratio of 1.24. The company has a fifty day moving average price of $21.32 and a 200 day moving average price of $28.10.

Ameresco (NYSE:AMRC) last posted its quarterly 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. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The firm had revenue of $441.40 million during the quarter, compared to analysts’ expectations of $399.98 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The company’s revenue was up 33.1% on a year-over-year basis. On average, research analysts expect that Ameresco, Inc. will post 1.4 earnings per share for the current year.

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.