Rhumbline Advisers Has $1.48 Million Stock Position in Ameresco, Inc. (NYSE:AMRC)

Rhumbline Advisers boosted its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 11.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,417 shares of the utilities provider’s stock after purchasing an additional 5,455 shares during the period. Rhumbline Advisers’ holdings in Ameresco were worth $1,481,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Swedbank AB bought a new position in shares of Ameresco in the 1st quarter valued at about $12,065,000. First Trust Advisors LP grew its holdings in Ameresco by 59.9% during the fourth quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider’s stock worth $25,128,000 after purchasing an additional 297,236 shares during the period. Redwood Grove Capital LLC acquired a new position in Ameresco during the first quarter worth approximately $7,170,000. Dimensional Fund Advisors LP raised its stake in Ameresco by 13.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 912,198 shares of the utilities provider’s stock valued at $28,890,000 after buying an additional 110,204 shares during the period. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of Ameresco in the second quarter valued at approximately $2,048,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMRC has been the topic of a number of recent analyst reports. Piper Sandler decreased their target price on Ameresco from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Robert W. Baird reaffirmed an “outperform” rating and set a $32.00 target price on shares of Ameresco in a report on Tuesday, August 27th. B. Riley raised shares of Ameresco to a “strong-buy” rating in a report on Tuesday, June 25th. Jefferies Financial Group started coverage on Ameresco in a report on Wednesday, September 4th. They set a “hold” rating and a $33.00 price objective for the company. Finally, StockNews.com upgraded Ameresco to a “sell” rating in a research note on Saturday, August 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.69.

Ameresco Trading Up 0.9 %

Shares of Ameresco stock opened at $36.07 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.15. Ameresco, Inc. has a 12-month low of $17.55 and a 12-month high of $42.82. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 1.15 and a beta of 1.78. The firm’s 50-day moving average price is $30.61 and its two-hundred day moving average price is $27.91.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Ameresco had a net margin of 3.77% and a return on equity of 6.25%. The firm had revenue of $437.98 million during the quarter, compared to the consensus estimate of $373.75 million. During the same period last year, the business earned $0.15 earnings per share. The business’s revenue was up 33.9% compared to the same quarter last year. On average, analysts forecast that Ameresco, Inc. will post 1.16 earnings per share for the current fiscal year.

Insider Transactions at Ameresco

In related news, CFO Spencer Doran Hole sold 5,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $26.53, for a total transaction of $132,650.00. Following the completion of the sale, the chief financial officer now directly owns 1,878 shares in the company, valued at approximately $49,823.34. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders sold 5,221 shares of company stock valued at $140,814. 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.