D. E. Shaw & Co. Inc. Grows Stock Holdings in Ameresco, Inc. (NYSE:AMRC)

D. E. Shaw & Co. Inc. increased its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238,002 shares of the utilities provider's stock after buying an additional 44,442 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.45% of Ameresco worth $5,588,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Trust Company N.A raised its holdings in Ameresco by 6.9% in the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock worth $160,000 after purchasing an additional 440 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Ameresco by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider's stock valued at $2,389,000 after acquiring an additional 859 shares during the last quarter. MetLife Investment Management LLC increased its position in Ameresco by 10.4% during the fourth quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider's stock valued at $482,000 after acquiring an additional 1,930 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Ameresco by 6.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,273 shares of the utilities provider's stock worth $711,000 after purchasing an additional 1,967 shares during the period. Finally, Nicola Wealth Management LTD. lifted its position in shares of Ameresco by 3.8% during the 4th quarter. Nicola Wealth Management LTD. now owns 55,000 shares of the utilities provider's stock valued at $1,291,000 after buying an additional 2,000 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors.

Ameresco Stock Down 0.3%

Shares of AMRC traded down $0.05 during midday trading on Tuesday, reaching $14.63. The stock had a trading volume of 392,232 shares, compared to its average volume of 511,209. The company has a market cap of $768.67 million, a price-to-earnings ratio of 14.63, a PEG ratio of 0.49 and a beta of 2.20. The company's fifty day simple moving average is $11.60 and its two-hundred day simple moving average is $18.98. Ameresco, Inc. has a 1-year low of $8.49 and a 1-year high of $39.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.15. The company had revenue of $352.83 million during the quarter, compared to the consensus estimate of $323.71 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. Ameresco's revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.10) EPS. Equities research analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Francis V. Wisneski, Jr. bought 3,500 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $9.67 per share, with a total value of $33,845.00. Following the acquisition, the director now directly owns 17,738 shares of the company's stock, valued at $171,526.46. The trade was a 24.58% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO George P. Sakellaris purchased 50,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $9.96 per share, for a total transaction of $498,000.00. Following the transaction, the chief executive officer now directly owns 903,638 shares in the company, valued at $9,000,234.48. This trade represents a 5.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 80,808 shares of company stock worth $785,274 over the last 90 days. Corporate insiders own 42.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMRC shares. UBS Group lowered shares of Ameresco from a "buy" rating to a "sell" rating and cut their target price for the company from $37.00 to $8.00 in a report on Tuesday, March 4th. Baird R W lowered shares of Ameresco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Robert W. Baird reissued a "neutral" rating and issued a $13.00 price objective (down from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. Piper Sandler set a $21.00 target price on Ameresco and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus reduced their price target on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ameresco has an average rating of "Hold" and a consensus price target of $20.17.

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.