16,957 Shares in Ameresco, Inc. (NYSE:AMRC) Bought by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC acquired a new position in Ameresco, Inc. (NYSE:AMRC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,957 shares of the utilities provider's stock, valued at approximately $398,000.

A number of other large investors have also recently made changes to their positions in AMRC. KLP Kapitalforvaltning AS purchased a new position in shares of Ameresco during the fourth quarter valued at approximately $146,000. Cetera Trust Company N.A raised its stake in Ameresco by 6.9% during the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock valued at $160,000 after buying an additional 440 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Ameresco by 145.0% in the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock worth $172,000 after acquiring an additional 4,362 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Ameresco during the fourth quarter valued at $203,000. Finally, JCP Investment Management LLC bought a new position in shares of Ameresco during the fourth quarter valued at $211,000. 99.24% of the stock is currently owned by institutional investors.

Insider Transactions at Ameresco

In other Ameresco news, CEO George P. Sakellaris purchased 25,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $9.27 per share, with a total value of $231,750.00. Following the purchase, the chief executive officer now owns 978,638 shares of the company's stock, valued at approximately $9,071,974.26. The trade was a 2.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Francis V. Wisneski, Jr. bought 3,500 shares of the stock in a transaction dated 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 completion of the purchase, the director now directly owns 17,738 shares of the company's stock, valued at approximately $171,526.46. This trade represents a 24.58% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 80,808 shares of company stock valued at $785,274 in the last ninety days. Corporate insiders own 42.00% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Robert W. Baird reiterated a "neutral" rating and set a $13.00 target price (down from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. Piper Sandler set a $21.00 target price on Ameresco and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. UBS Group lowered shares of Ameresco from a "buy" rating to a "sell" rating and reduced their price target for the company from $37.00 to $8.00 in a research report on Tuesday, March 4th. Canaccord Genuity Group boosted their target price 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. Finally, Baird R W downgraded shares of Ameresco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Ameresco has a consensus rating of "Hold" and an average price target of $20.17.

Ameresco Price Performance

Shares of AMRC traded down $0.50 during mid-day trading on Wednesday, reaching $14.16. The stock had a trading volume of 376,904 shares, compared to its average volume of 509,599. The firm has a market cap of $744.19 million, a price-to-earnings ratio of 14.16, a PEG ratio of 0.49 and a beta of 2.20. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The business has a fifty day moving average of $11.70 and a 200 day moving average of $18.95. 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 released its earnings results on Monday, May 5th. The utilities provider reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.15. The firm had revenue of $352.83 million for the quarter, compared to the consensus estimate of $323.71 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The company's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. Equities analysts predict that Ameresco, Inc. will post 1.15 EPS for the current year.

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.