Ameresco, Inc. (NYSE:AMRC) Shares Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC lifted its holdings in Ameresco, Inc. (NYSE:AMRC - Free Report) by 7.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 301,861 shares of the utilities provider's stock after purchasing an additional 19,626 shares during the period. Voloridge Investment Management LLC owned about 0.58% of Ameresco worth $7,088,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its stake in shares of Ameresco by 87.7% in the fourth quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider's stock worth $9,888,000 after buying an additional 196,776 shares during the period. Vanguard Group Inc. raised its stake in Ameresco by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider's stock worth $74,767,000 after acquiring an additional 37,359 shares during the period. Barclays PLC raised its stake in Ameresco by 204.2% during the 3rd quarter. Barclays PLC now owns 59,248 shares of the utilities provider's stock worth $2,248,000 after acquiring an additional 39,773 shares during the period. Victory Capital Management Inc. raised its stake in Ameresco by 96.8% during the 4th quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider's stock worth $1,060,000 after acquiring an additional 22,197 shares during the period. Finally, Invesco Ltd. raised its stake in Ameresco by 29.8% during the 4th quarter. Invesco Ltd. now owns 321,982 shares of the utilities provider's stock worth $7,560,000 after acquiring an additional 73,928 shares during the period. 99.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMRC. Stifel Nicolaus decreased their price objective 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. Piper Sandler set a $21.00 price objective on Ameresco and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. UBS Group cut Ameresco from a "buy" rating to a "sell" rating and reduced their price objective for the stock from $37.00 to $8.00 in a research note on Tuesday, March 4th. Robert W. Baird reissued a "neutral" rating and set a $13.00 price objective (down from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. Finally, Canaccord Genuity Group increased their target price on shares of Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.17.

Ameresco Stock Up 3.9%

AMRC traded up $0.53 during 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 market capitalization of $745.03 million, a PE ratio of 14.18, a PEG ratio of 0.49 and a beta of 2.20. Ameresco, Inc. has a twelve month low of $8.49 and a twelve month high of $39.68. 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 stock has a 50 day simple moving average of $11.88 and a two-hundred 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, 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 company had revenue of $352.83 million during the quarter, compared to analysts' expectations of $323.71 million. During the same period last year, the business earned ($0.10) EPS. Ameresco's revenue for the quarter was up 18.2% on a year-over-year basis. On average, research analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Insider Transactions at Ameresco

In related news, CEO George P. Sakellaris bought 50,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $9.96 per share, with a total value 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 approximately $9,000,234.48. The trade was a 5.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was bought 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 of the company's stock, valued at $171,526.46. This trade represents a 24.58% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 80,808 shares of company stock worth $785,274 over the last 90 days. 42.00% of the stock is currently owned by company insiders.

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.