Clean Yield Group Trims Holdings in Ameresco, Inc. (NYSE:AMRC)

Clean Yield Group trimmed its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,028 shares of the utilities provider’s stock after selling 4,739 shares during the quarter. Clean Yield Group owned approximately 0.20% of Ameresco worth $2,490,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Ameresco by 1.4% during the third quarter. Geode Capital Management LLC now owns 754,775 shares of the utilities provider’s stock worth $28,642,000 after purchasing an additional 10,197 shares in the last quarter. Barclays PLC lifted its position in Ameresco by 204.2% in the third quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock valued at $2,248,000 after purchasing an additional 39,773 shares during the period. Wellington Management Group LLP increased its holdings in shares of Ameresco by 81.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock valued at $38,126,000 after purchasing an additional 450,571 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Ameresco by 35.1% during the 3rd quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider’s stock valued at $4,487,000 after acquiring an additional 30,718 shares during the period. Finally, Redwood Grove Capital LLC increased its position in shares of Ameresco by 41.9% in the third quarter. Redwood Grove Capital LLC now owns 499,890 shares of the utilities provider’s stock valued at $18,966,000 after buying an additional 147,642 shares in the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMRC shares. Stifel Nicolaus increased their price objective on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Piper Sandler boosted their price target on Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. StockNews.com raised Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird increased their price objective on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ameresco has an average rating of “Moderate Buy” and an average price target of $36.90.

Ameresco Stock Performance

Shares of AMRC traded down $2.05 during mid-day trading on Monday, hitting $23.62. The company’s stock had a trading volume of 416,019 shares, compared to its average volume of 297,151. The firm has a market capitalization of $1.24 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 0.90 and a beta of 1.79. Ameresco, Inc. has a one year low of $17.55 and a one year high of $39.68. The stock’s 50-day moving average is $26.48 and its two-hundred day moving average is $29.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27.

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.