Janney Montgomery Scott LLC Acquires New Holdings in Ameresco, Inc. (NYSE:AMRC)

Janney Montgomery Scott LLC bought a new position in Ameresco, Inc. (NYSE:AMRC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 86,344 shares of the utilities provider's stock, valued at approximately $1,043,000. Janney Montgomery Scott LLC owned about 0.16% of Ameresco at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in Ameresco by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider's stock worth $2,389,000 after purchasing an additional 859 shares in the last quarter. Nicola Wealth Management LTD. raised its stake in Ameresco by 3.8% in the fourth quarter. Nicola Wealth Management LTD. now owns 55,000 shares of the utilities provider's stock worth $1,291,000 after buying an additional 2,000 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Ameresco by 96.8% in the fourth quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider's stock worth $1,060,000 after buying an additional 22,197 shares during the period. First Eagle Investment Management LLC boosted its position in Ameresco by 87.7% during the 4th quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider's stock valued at $9,888,000 after acquiring an additional 196,776 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Ameresco by 31.5% during the 4th quarter. Intech Investment Management LLC now owns 12,447 shares of the utilities provider's stock worth $292,000 after acquiring an additional 2,983 shares during the period. Hedge funds and other institutional investors own 99.24% of the company's stock.

Analysts Set New Price Targets

AMRC has been the topic of a number of recent research reports. Stifel Nicolaus reduced their target price on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Robert W. Baird reaffirmed a "neutral" rating and set a $13.00 target price (down previously from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. Canaccord Genuity Group boosted their price target on Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. UBS Group restated a "sell" rating and issued a $11.00 price target on shares of Ameresco in a research note on Tuesday, June 3rd. Finally, Wall Street Zen upgraded Ameresco from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Ameresco currently has an average rating of "Hold" and a consensus target price of $20.67.

Ameresco Stock Up 3.3%

Shares of NYSE:AMRC traded up $0.54 during trading on Thursday, reaching $16.81. 255,292 shares of the stock traded hands, compared to its average volume of 507,123. The stock has a market cap of $883.20 million, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 0.75 and a beta of 2.22. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.56 and a current ratio of 1.57. The stock has a 50-day moving average of $14.18 and a two-hundred day moving average of $16.29. Ameresco, Inc. has a 52-week low of $8.49 and a 52-week high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last issued its earnings results on Monday, May 5th. The utilities provider reported ($0.11) EPS for the quarter, beating the consensus estimate 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 company's revenue was up 18.2% compared to the same quarter last year. During the same period last year, the business posted ($0.10) EPS. As a group, sell-side analysts expect 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.