Ameresco, Inc. (NYSE:AMRC) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,159,757 shares of the utilities provider's stock after purchasing an additional 214,918 shares during the quarter. Dimensional Fund Advisors LP owned about 2.21% of Ameresco worth $27,230,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMRC. First Eagle Investment Management LLC grew its position in shares of Ameresco by 87.7% in the fourth quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider's stock valued at $9,888,000 after purchasing an additional 196,776 shares in the last quarter. Vanguard Group Inc. grew its holdings in Ameresco by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider's stock valued at $74,767,000 after buying an additional 37,359 shares in the last quarter. Barclays PLC increased its stake in shares of Ameresco by 204.2% in the 3rd quarter. Barclays PLC now owns 59,248 shares of the utilities provider's stock worth $2,248,000 after acquiring an additional 39,773 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Ameresco by 96.8% during the 4th quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider's stock valued at $1,060,000 after acquiring an additional 22,197 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Ameresco by 29.8% in the fourth quarter. Invesco Ltd. now owns 321,982 shares of the utilities provider's stock valued at $7,560,000 after purchasing an additional 73,928 shares during the period. Hedge funds and other institutional investors own 99.24% of the company's stock.

Insiders Place Their Bets

In related news, Director Francis V. Wisneski, Jr. acquired 3,500 shares of Ameresco stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $9.67 per share, with a total value of $33,845.00. Following the purchase, the director now directly owns 17,738 shares in the company, valued at approximately $171,526.46. The trade was a 24.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George P. Sakellaris purchased 25,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $9.27 per share, with a total value of $231,750.00. Following the completion of the acquisition, the chief executive officer now owns 978,638 shares of the company's stock, valued at approximately $9,071,974.26. This trade represents a 2.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 80,808 shares of company stock valued at $785,274 over the last quarter. Company insiders own 42.00% of the company's stock.

Analyst Upgrades and Downgrades

AMRC has been the topic of several research analyst reports. Stifel Nicolaus reduced their price objective on shares of Ameresco from $34.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Baird R W lowered shares of Ameresco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Canaccord Genuity Group dropped their target price on shares of Ameresco from $36.00 to $27.00 and set a "buy" rating for the company in a report on Friday, February 28th. UBS Group cut Ameresco from a "buy" rating to a "sell" rating and decreased their price target for the stock from $37.00 to $8.00 in a research note on Tuesday, March 4th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $13.00 price objective (down from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $22.83.

Ameresco Stock Down 3.5 %

Shares of NYSE:AMRC opened at $11.58 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The firm has a 50 day simple moving average of $11.04 and a 200-day simple moving average of $20.16. The company has a market capitalization of $608.42 million, a PE ratio of 11.58, a P/E/G ratio of 0.49 and a beta of 2.20. Ameresco, Inc. has a twelve month low of $8.49 and a twelve month high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.11. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The company had revenue of $352.83 million for the quarter, compared to analyst estimates of $323.71 million. During the same quarter last year, the company posted ($0.10) earnings per share. The business's quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities analysts predict that Ameresco, Inc. will post 1.15 EPS for the current fiscal 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.

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