Ameresco, Inc. (NYSE:AMRC) Shares Sold by abrdn plc

abrdn plc cut its position in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 46.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 452,091 shares of the utilities provider's stock after selling 396,157 shares during the quarter. abrdn plc owned approximately 0.87% of Ameresco worth $14,318,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Dynamic Advisor Solutions LLC boosted its holdings in Ameresco by 24.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 8,672 shares of the utilities provider's stock valued at $275,000 after acquiring an additional 1,712 shares during the period. Quantbot Technologies LP purchased a new stake in Ameresco during the 3rd quarter valued at about $295,000. Inspire Investing LLC boosted its holdings in Ameresco by 25.1% during the 3rd quarter. Inspire Investing LLC now owns 8,008 shares of the utilities provider's stock valued at $309,000 after acquiring an additional 1,607 shares during the period. TIAA Trust National Association purchased a new stake in Ameresco during the 3rd quarter valued at about $328,000. Finally, Victory Capital Management Inc. boosted its holdings in Ameresco by 28.3% during the 3rd quarter. Victory Capital Management Inc. now owns 8,566 shares of the utilities provider's stock valued at $330,000 after acquiring an additional 1,892 shares during the period. 99.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on AMRC. B. Riley dropped their price objective on Ameresco from $46.00 to $40.00 and set a "buy" rating for the company in a report on Monday, February 5th. Guggenheim reissued a "neutral" rating on shares of Ameresco in a research report on Thursday, February 29th. Canaccord Genuity Group decreased their target price on Ameresco from $50.00 to $36.00 and set a "buy" rating for the company in a research report on Thursday, February 29th. Truist Financial decreased their target price on Ameresco from $40.00 to $37.00 and set a "buy" rating for the company in a research report on Monday. Finally, Raymond James decreased their target price on Ameresco from $40.00 to $35.00 and set an "outperform" rating for the company in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $44.69.

Ameresco Stock Down 1.5 %

Shares of Ameresco stock traded down $0.32 on Thursday, reaching $20.97. The company's stock had a trading volume of 314,729 shares, compared to its average volume of 538,063. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 0.60 and a beta of 1.56. The firm's fifty day simple moving average is $21.17 and its two-hundred day simple moving average is $25.51. Ameresco, Inc. has a 52 week low of $17.55 and a 52 week high of $63.19. 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 (NYSE:AMRC - Get Free Report) last posted its 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. The business had revenue of $441.40 million during the quarter, compared to analyst estimates of $399.98 million. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The company's quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. Equities analysts anticipate that Ameresco, Inc. will post 1.39 earnings per share for the current year.

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.