SG Americas Securities LLC Makes New Investment in Ameresco, Inc. $AMRC

SG Americas Securities LLC purchased a new stake in shares of Ameresco, Inc. (NYSE:AMRC) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 142,020 shares of the utilities provider’s stock, valued at approximately $4,160,000. SG Americas Securities LLC owned approximately 0.27% of Ameresco at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AMRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ameresco by 2.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock worth $1,159,000 after buying an additional 799 shares during the period. Swiss National Bank boosted its holdings in Ameresco by 1.6% in the third quarter. Swiss National Bank now owns 63,800 shares of the utilities provider’s stock valued at $2,142,000 after acquiring an additional 1,000 shares during the last quarter. Creative Planning increased its position in Ameresco by 10.7% during the 3rd quarter. Creative Planning now owns 11,115 shares of the utilities provider’s stock valued at $373,000 after purchasing an additional 1,070 shares during the period. CoreCap Advisors LLC bought a new position in Ameresco during the 3rd quarter worth approximately $50,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Ameresco by 99.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,754 shares during the last quarter. Institutional investors own 99.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AMRC. Weiss Ratings lowered Ameresco from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 5th. Wall Street Zen lowered shares of Ameresco from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Ameresco in a research note on Wednesday, March 4th. B. Riley Financial raised their target price on Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, William Blair upgraded Ameresco to a “hold” rating in a report on Tuesday, January 27th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Ameresco Stock Performance

Shares of AMRC stock opened at $24.52 on Friday. The firm’s 50 day moving average is $29.48 and its 200 day moving average is $32.39. The stock has a market capitalization of $1.30 billion, a P/E ratio of 29.54, a PEG ratio of 2.04 and a beta of 2.61. Ameresco, Inc. has a 12 month low of $8.49 and a 12 month high of $44.93. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.56.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, March 2nd. The utilities provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Ameresco had a return on equity of 4.49% and a net margin of 2.29%.The business had revenue of $581.03 million for the quarter, compared to analyst estimates of $556.09 million. During the same period in the prior year, the company earned $0.88 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Insider Buying and Selling at Ameresco

In related news, Director Nickolas Stavropoulos sold 15,700 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $34.15, for a total transaction of $536,155.00. Following the transaction, the director owned 14,111 shares in the company, 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 hyperlink. In the last 90 days, insiders sold 17,020 shares of company stock valued at $577,840. 44.96% of the stock is currently owned by company insiders.

About Ameresco

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.