Dynamic Advisor Solutions LLC Purchases Shares of 20,700 Ameresco, Inc. (NYSE:AMRC)

Dynamic Advisor Solutions LLC bought a new position in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,700 shares of the utilities provider's stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMRC. Harbor Capital Advisors Inc. grew its stake in shares of Ameresco by 731.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 230,705 shares of the utilities provider's stock worth $2,787,000 after buying an additional 202,970 shares during the last quarter. Clean Yield Group raised its holdings in Ameresco by 6.3% in the 1st quarter. Clean Yield Group now owns 112,746 shares of the utilities provider's stock worth $1,362,000 after purchasing an additional 6,718 shares during the period. Vanguard Capital Wealth Advisors bought a new position in Ameresco in the 1st quarter worth $211,000. GAMMA Investing LLC raised its holdings in Ameresco by 132.0% in the 1st quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock worth $97,000 after purchasing an additional 4,557 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ameresco by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,684 shares of the utilities provider's stock worth $2,106,000 after purchasing an additional 13,127 shares during the period. Hedge funds and other institutional investors own 99.24% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Piper Sandler set a $21.00 price target on Ameresco and gave the company an "overweight" rating in a report on Tuesday, May 6th. Stifel Nicolaus dropped their target price on Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, May 12th. UBS Group restated a "sell" rating and set a $11.00 target price on shares of Ameresco in a research report on Tuesday, June 3rd. Baird R W downgraded shares of Ameresco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Canaccord Genuity Group boosted their price objective on shares of Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $20.67.

Ameresco Stock Down 4.3%

Shares of AMRC stock traded down $0.64 during trading hours on Monday, reaching $14.36. 606,014 shares of the company's stock were exchanged, compared to its average volume of 510,480. The stock's 50 day moving average is $13.37 and its 200-day moving average is $16.67. The company has a market cap of $754.47 million, a price-to-earnings ratio of 14.08, a P/E/G ratio of 0.71 and a beta of 2.24. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.50. Ameresco, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last issued 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 business had revenue of $352.83 million for the quarter, compared to the consensus estimate of $323.71 million. Ameresco had a return on equity of 6.32% and a net margin of 2.97%. The business's quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) earnings per share. Analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Ameresco Company 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.