Royal Bank of Canada Has $19.05 Million Stock Position in Ameresco, Inc. (NYSE:AMRC)

Royal Bank of Canada lessened its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 811,142 shares of the utilities provider's stock after selling 41,381 shares during the period. Royal Bank of Canada owned approximately 1.55% of Ameresco worth $19,045,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AMRC. KLP Kapitalforvaltning AS acquired a new position in shares of Ameresco in the 4th quarter worth $146,000. Lazard Asset Management LLC increased its stake in Ameresco by 145.0% in the 4th quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock worth $172,000 after purchasing an additional 4,362 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Ameresco in the 4th quarter worth about $203,000. JCP Investment Management LLC acquired a new stake in Ameresco during the 4th quarter worth about $211,000. Finally, ProShare Advisors LLC lifted its stake in Ameresco by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 9,074 shares of the utilities provider's stock valued at $213,000 after buying an additional 2,986 shares in the last quarter. Institutional investors own 99.24% of the company's stock.

Insider Transactions at Ameresco

In other news, CEO George P. Sakellaris purchased 50,000 shares of Ameresco stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $9.96 per share, for a total transaction of $498,000.00. Following the completion of the transaction, the chief executive officer now directly owns 903,638 shares in the company, valued at approximately $9,000,234.48. This represents a 5.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the company's stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 17,738 shares in the company, valued at approximately $171,526.46. This represents a 24.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 80,808 shares of company stock worth $785,274 over the last three months. 42.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Piper Sandler set a $21.00 target price on shares of Ameresco and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Baird R W downgraded shares of Ameresco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Robert W. Baird reaffirmed a "neutral" rating and issued a $13.00 target price (down previously from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. Canaccord Genuity Group upped their price target on Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus lowered their target price on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $20.17.

Ameresco Stock Down 0.8%

AMRC stock traded down $0.11 during trading hours on Friday, hitting $14.25. The company's stock had a trading volume of 46,116 shares, compared to its average volume of 503,315. The company has a market capitalization of $748.66 million, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.49 and a beta of 2.20. The stock has a 50 day moving average price of $11.92 and a two-hundred day moving average price of $18.20. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a 12 month low of $8.49 and a 12 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 analysts' consensus estimates of ($0.26) by $0.15. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The firm had revenue of $352.83 million during the quarter, compared to analysts' expectations of $323.71 million. During the same period in the prior year, the company posted ($0.10) earnings per share. Ameresco's revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities research analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current 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.