Amundi Trims Holdings in Ameresco, Inc. (NYSE:AMRC)

Amundi trimmed its position in Ameresco, Inc. (NYSE:AMRC) by 32.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 66,039 shares of the utilities provider’s stock after selling 32,410 shares during the period. Amundi’s holdings in Ameresco were worth $1,551,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in Ameresco by 96.8% in the 4th quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider’s stock valued at $1,060,000 after purchasing an additional 22,197 shares in the last quarter. Nicola Wealth Management LTD. lifted its holdings in Ameresco by 3.8% in the 4th quarter. Nicola Wealth Management LTD. now owns 55,000 shares of the utilities provider’s stock valued at $1,291,000 after purchasing an additional 2,000 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Ameresco by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider’s stock valued at $2,389,000 after purchasing an additional 859 shares in the last quarter. Figure 8 Investment Strategies LLC purchased a new position in Ameresco in the 4th quarter valued at about $707,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Ameresco in the 4th quarter valued at about $259,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the sale, the director now owns 17,225 shares of the company’s stock, valued at $362,758.50. This trade represents a 69.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the firm’s 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 transaction, the director now directly owns 17,738 shares of the company’s stock, valued at approximately $171,526.46. This represents a 24.58 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 80,808 shares of company stock valued at $785,274 over the last 90 days. 42.00% of the stock is owned by corporate insiders.

Ameresco Trading Up 10.4 %

NYSE AMRC opened at $11.63 on Tuesday. Ameresco, Inc. has a one year low of $9.04 and a one year high of $39.68. The company’s 50 day moving average price is $18.99 and its 200 day moving average price is $26.08. 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 firm has a market capitalization of $611.26 million, a price-to-earnings ratio of 11.63, a PEG ratio of 0.49 and a beta of 2.07.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The firm had revenue of $532.67 million for the quarter, compared to analyst estimates of $524.31 million. On average, sell-side analysts predict that Ameresco, Inc. will post 1.15 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Canaccord Genuity Group cut their price objective on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, February 28th. UBS Group lowered shares of Ameresco from a “buy” rating to a “sell” rating and cut their price objective for the stock from $37.00 to $8.00 in a report on Tuesday, March 4th. Robert W. Baird cut their price objective on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Finally, Stifel Nicolaus cut their price objective on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.63.

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.