Trustees of Princeton University Acquires New Position in Ameresco, Inc. (NYSE:AMRC)

Trustees of Princeton University acquired a new stake in Ameresco, Inc. (NYSE:AMRC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 226,400 shares of the utilities provider's stock, valued at approximately $7,170,000. Ameresco comprises approximately 92.2% of Trustees of Princeton University's holdings, making the stock its biggest position. Trustees of Princeton University owned approximately 0.43% of Ameresco at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Trust Company N.A acquired a new position in Ameresco in the fourth quarter valued at approximately $106,000. Daiwa Securities Group Inc. boosted its stake in Ameresco by 17.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 181,800 shares of the utilities provider's stock valued at $5,758,000 after purchasing an additional 27,300 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of Ameresco during the fourth quarter worth $1,108,000. Dynamic Advisor Solutions LLC raised its holdings in shares of Ameresco by 24.6% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 8,672 shares of the utilities provider's stock worth $275,000 after acquiring an additional 1,712 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Ameresco by 17.8% during the third quarter. Wellington Management Group LLP now owns 1,169,158 shares of the utilities provider's stock worth $45,083,000 after acquiring an additional 176,971 shares in the last quarter. 99.24% of the stock is owned by institutional investors.

Ameresco Price Performance

AMRC traded up $1.78 during midday trading on Tuesday, reaching $20.87. 547,484 shares of the company's stock were exchanged, compared to its average volume of 541,591. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 0.54 and a beta of 1.56. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 1.26. Ameresco, Inc. has a one year low of $17.55 and a one year high of $63.19. The business has a 50-day simple moving average of $21.24 and a two-hundred day simple moving average of $25.63.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.09. Ameresco had a net margin of 4.54% and a return on equity of 7.49%. The firm had revenue of $441.40 million during the quarter, compared to analysts' expectations of $399.98 million. During the same quarter last year, the company earned $0.35 earnings per share. The company's revenue for the quarter was up 33.1% compared to the same quarter last year. As a group, research analysts predict that Ameresco, Inc. will post 1.39 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on AMRC shares. BNP Paribas upgraded Ameresco from a "neutral" rating to an "outperform" rating and set a $34.00 price objective for the company in a report on Tuesday, March 12th. B. Riley lowered their target price on shares of Ameresco from $46.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, February 5th. Canaccord Genuity Group lowered their target price on shares of Ameresco from $50.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, February 29th. Oppenheimer reaffirmed a "market perform" rating on shares of Ameresco in a research report on Wednesday, April 17th. Finally, Truist Financial lowered their price target on Ameresco from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.69.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.