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

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

A number of other large investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Ameresco during the 4th quarter worth about $146,000. Lazard Asset Management LLC lifted its stake in shares of Ameresco by 145.0% during the 4th quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock worth $172,000 after buying an additional 4,362 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Ameresco during the 4th quarter worth about $203,000. JCP Investment Management LLC acquired a new stake in shares of Ameresco during the 4th quarter worth about $211,000. Finally, ProShare Advisors LLC lifted its stake in shares of Ameresco by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 9,074 shares of the utilities provider's stock worth $213,000 after buying an additional 2,986 shares during the last quarter. Institutional investors and hedge funds own 99.24% of the company's stock.

Ameresco Price Performance

AMRC stock traded up $0.53 during mid-day trading on Tuesday, hitting $14.18. The stock had a trading volume of 341,874 shares, compared to its average volume of 506,824. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a 52 week low of $8.49 and a 52 week high of $39.68. The firm has a market capitalization of $745.03 million, a P/E ratio of 14.18, a P/E/G ratio of 0.49 and a beta of 2.20. The firm has a fifty day simple moving average of $11.88 and a 200 day simple moving average of $18.32.

Ameresco (NYSE:AMRC - Get Free Report) last released 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. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The firm had revenue of $352.83 million for the quarter, compared to analyst estimates of $323.71 million. During the same period last year, the firm earned ($0.10) EPS. The business's quarterly revenue was up 18.2% compared to the same quarter last year. As a group, research analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current year.

Insider Buying and Selling at Ameresco

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

Analyst Ratings Changes

A number of research firms recently commented on AMRC. Piper Sandler set a $21.00 price target on shares of Ameresco and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Baird R W lowered shares of Ameresco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. UBS Group lowered shares of Ameresco from a "buy" rating to a "sell" rating and lowered their price target for the stock from $37.00 to $8.00 in a research report on Tuesday, March 4th. Robert W. Baird reaffirmed a "neutral" rating and set a $13.00 price target (down from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. Finally, Canaccord Genuity Group raised their price target on shares of Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $20.17.

Ameresco 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.