Ameresco, Inc. $AMRC Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 16.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,203,393 shares of the utilities provider’s stock after selling 643,538 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.06% of Ameresco worth $107,570,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in Ameresco by 1,832.5% in the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock valued at $26,965,000 after purchasing an additional 1,683,326 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Ameresco by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,238,322 shares of the utilities provider’s stock worth $41,584,000 after buying an additional 5,431 shares during the period. DNB Asset Management AS grew its stake in shares of Ameresco by 3.8% in the second quarter. DNB Asset Management AS now owns 1,189,714 shares of the utilities provider’s stock valued at $18,072,000 after buying an additional 43,411 shares in the last quarter. Royce & Associates LP grew its stake in shares of Ameresco by 197.6% in the third quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock valued at $32,371,000 after buying an additional 640,106 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Ameresco by 33.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 753,807 shares of the utilities provider’s stock valued at $11,450,000 after buying an additional 187,380 shares during the period. 99.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Nickolas Stavropoulos sold 15,700 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $34.15, for a total value of $536,155.00. Following the completion of the sale, the director directly owned 14,111 shares of the company’s stock, valued at $481,890.65. The trade was a 52.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 16,645 shares of company stock valued at $568,297 in the last three months. 44.96% of the stock is currently owned by company insiders.

Ameresco Stock Down 5.4%

AMRC stock opened at $25.68 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.56. The firm has a 50 day simple moving average of $31.20 and a 200-day simple moving average of $32.30. The company has a market capitalization of $1.36 billion, a P/E ratio of 30.94, a PEG ratio of 1.92 and a beta of 2.53. Ameresco, Inc. has a twelve month low of $8.49 and a twelve month high of $44.93.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Monday, March 2nd. The utilities provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The firm had revenue of $581.03 million for the quarter, compared to the consensus estimate of $556.09 million. Ameresco had a net margin of 2.29% and a return on equity of 4.49%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. On average, equities research analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. William Blair raised shares of Ameresco to a “hold” rating in a research report on Tuesday, January 27th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Ameresco in a research note on Wednesday. UBS Group boosted their price objective on shares of Ameresco from $23.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. B. Riley Financial upped their price objective on shares of Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Canaccord Genuity Group raised their target price on Ameresco from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.10.

Ameresco Company Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.