Axa S.A. Sells 3,515 Shares of Ameresco, Inc. (NYSE:AMRC)

Axa S.A. cut its position in shares of Ameresco, Inc. (NYSE:AMRC) by 23.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,612 shares of the utilities provider’s stock after selling 3,515 shares during the quarter. Axa S.A.’s holdings in Ameresco were worth $335,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Ameresco by 1.2% in the first quarter. Vanguard Group Inc. now owns 3,145,838 shares of the utilities provider’s stock valued at $75,909,000 after purchasing an additional 36,303 shares in the last quarter. First Trust Advisors LP lifted its holdings in Ameresco by 59.9% during the 4th quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider’s stock worth $25,128,000 after purchasing an additional 297,236 shares during the last quarter. LGT Group Foundation acquired a new stake in Ameresco during the 2nd quarter worth approximately $20,325,000. Granahan Investment Management LLC raised its holdings in Ameresco by 0.9% in the 4th quarter. Granahan Investment Management LLC now owns 521,672 shares of the utilities provider’s stock valued at $16,521,000 after acquiring an additional 4,621 shares in the last quarter. Finally, Swedbank AB acquired a new position in Ameresco in the 1st quarter valued at $12,065,000. 99.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMRC has been the subject of several analyst reports. UBS Group lifted their price objective on Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Jefferies Financial Group started coverage on Ameresco in a report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price objective for the company. StockNews.com raised Ameresco to a “sell” rating in a report on Tuesday. Piper Sandler lowered their price target on Ameresco from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, Robert W. Baird boosted their price objective on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten 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 an average rating of “Moderate Buy” and an average target price of $38.46.

Insider Buying and Selling

In other news, CFO Spencer Doran Hole sold 5,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $26.53, for a total value of $132,650.00. Following the completion of the sale, the chief financial officer now directly owns 1,878 shares of the company’s stock, valued at $49,823.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 5,221 shares of company stock valued at $140,814. 42.00% of the stock is owned by company insiders.

Ameresco Stock Down 1.6 %

AMRC stock opened at $36.73 on Thursday. The stock’s 50 day simple moving average is $31.38 and its 200 day simple moving average is $28.80. Ameresco, Inc. has a fifty-two week low of $17.55 and a fifty-two week high of $39.68. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.00 and a current ratio of 1.01. The company has a market cap of $1.92 billion, a P/E ratio of 33.39, a price-to-earnings-growth ratio of 1.31 and a beta of 1.78.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The firm had revenue of $437.98 million for the quarter, compared to analyst estimates of $373.75 million. During the same period last year, the company posted $0.15 earnings per share. The firm’s quarterly revenue was up 33.9% compared to the same quarter last year. On average, research analysts expect that Ameresco, Inc. will post 1.16 earnings per share for the current fiscal year.

About Ameresco

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.