Ameresco, Inc. (NYSE:AMRC) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lowered its holdings in Ameresco, Inc. (NYSE:AMRC) by 98.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,300 shares of the utilities provider’s stock after selling 325,055 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Ameresco were worth $162,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new stake in Ameresco in the 4th quarter valued at about $62,000. nVerses Capital LLC acquired a new stake in Ameresco in the second quarter valued at approximately $75,000. GAMMA Investing LLC grew its holdings in Ameresco by 1,215.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock worth $90,000 after acquiring an additional 2,880 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Ameresco in the 2nd quarter valued at approximately $156,000. Finally, Northside Capital Management LLC acquired a new stake in shares of Ameresco in the 2nd quarter valued at $216,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ameresco

In other news, CFO Spencer Doran Hole sold 5,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $26.53, for a total transaction of $132,650.00. Following the transaction, the chief financial officer now directly owns 1,878 shares in the company, valued at $49,823.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 5,221 shares of company stock worth $140,814. Company insiders own 42.00% of the company’s stock.

Analyst Ratings Changes

AMRC has been the subject of a number of analyst reports. Jefferies Financial Group began coverage on shares of Ameresco in a research note on Wednesday, September 4th. They set a “hold” rating and a $33.00 target price for the company. B. Riley raised Ameresco to a “strong-buy” rating in a research report on Tuesday, June 25th. Robert W. Baird reiterated an “outperform” rating and issued a $32.00 price target on shares of Ameresco in a research note on Tuesday, August 27th. Piper Sandler reduced their price objective on shares of Ameresco from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, UBS Group upped their target price on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, September 5th. One investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.69.

Ameresco Stock Up 0.9 %

AMRC opened at $36.07 on Friday. Ameresco, Inc. has a 52 week low of $17.55 and a 52 week high of $42.82. The business has a 50 day moving average price of $30.61 and a two-hundred day moving average price of $27.91. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.15. The company has a market cap of $1.89 billion, a PE ratio of 32.79, a P/E/G ratio of 1.15 and a beta of 1.78.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.15). Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The company had revenue of $437.98 million for the quarter, compared to analysts’ expectations of $373.75 million. During the same quarter last year, the company earned $0.15 EPS. Ameresco’s revenue for the quarter was up 33.9% compared to the same quarter last year. As a group, research analysts anticipate that Ameresco, Inc. will post 1.16 EPS for the current year.

About Ameresco

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.