Janney Montgomery Scott LLC Invests $1.04 Million in Ameresco, Inc. (NYSE:AMRC)

Janney Montgomery Scott LLC bought a new stake in Ameresco, Inc. (NYSE:AMRC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 86,344 shares of the utilities provider's stock, valued at approximately $1,043,000. Janney Montgomery Scott LLC owned approximately 0.16% of Ameresco as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its position in shares of Ameresco by 124.4% during the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider's stock worth $19,682,000 after acquiring an additional 464,737 shares in the last quarter. DnB Asset Management AS lifted its stake in Ameresco by 59.6% during the fourth quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider's stock worth $14,403,000 after purchasing an additional 229,128 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ameresco by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider's stock valued at $27,230,000 after purchasing an additional 214,918 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Ameresco by 731.8% in the first quarter. Harbor Capital Advisors Inc. now owns 230,705 shares of the utilities provider's stock valued at $2,787,000 after purchasing an additional 202,970 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in 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 during the last quarter. Institutional investors and hedge funds own 99.24% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMRC shares. Wall Street Zen upgraded shares of Ameresco from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Canaccord Genuity Group boosted their price target on shares of Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. UBS Group restated a "sell" rating and set a $11.00 price target on shares of Ameresco in a research note on Tuesday, June 3rd. Baird R W downgraded shares of Ameresco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Piper Sandler set a $21.00 target price on Ameresco and gave the company an "overweight" rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $20.67.

Ameresco Price Performance

Shares of NYSE:AMRC opened at $15.15 on Monday. Ameresco, Inc. has a 52 week low of $8.49 and a 52 week high of $39.68. The company has a 50-day moving average price of $13.78 and a 200 day moving average price of $16.36. The company has a market cap of $796.03 million, a P/E ratio of 14.85, a PEG ratio of 0.72 and a beta of 2.24. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.50.

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

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