Ameresco, Inc. (NYSE:AMRC) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 87.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 421,136 shares of the utilities provider’s stock after purchasing an additional 196,776 shares during the period. First Eagle Investment Management LLC owned 0.80% of Ameresco worth $9,888,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP increased its position 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 acquiring an additional 450,571 shares during the period. Erste Asset Management GmbH acquired a new position in shares of Ameresco in the 3rd quarter valued at $6,319,000. Redwood Grove Capital LLC increased its position in shares of Ameresco by 41.9% in the 3rd quarter. Redwood Grove Capital LLC now owns 499,890 shares of the utilities provider’s stock valued at $18,966,000 after acquiring an additional 147,642 shares during the period. Gagnon Securities LLC increased its position in shares of Ameresco by 22.5% in the 4th quarter. Gagnon Securities LLC now owns 571,202 shares of the utilities provider’s stock valued at $13,412,000 after acquiring an additional 104,861 shares during the period. Finally, Gagnon Advisors LLC increased its position in shares of Ameresco by 32.4% in the 4th quarter. Gagnon Advisors LLC now owns 272,694 shares of the utilities provider’s stock valued at $6,403,000 after acquiring an additional 66,746 shares during the period. 99.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Ameresco Trading Up 5.5 %

AMRC stock opened at $10.55 on Friday. The company’s 50-day simple moving average is $19.66 and its 200-day simple moving average is $26.39. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a 52-week low of $9.04 and a 52-week high of $39.68. The firm has a market cap of $554.41 million, a P/E ratio of 10.55, a PEG ratio of 0.49 and a beta of 2.07.

Ameresco (NYSE:AMRC) last posted its earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping 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 business had revenue of $532.67 million for the quarter, compared to analyst estimates of $524.31 million. As a group, equities analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Insider Activity at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $362,758.50. This represents a 69.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Francis V. Wisneski, Jr. acquired 3,500 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $9.67 per share, with a total value of $33,845.00. Following the acquisition, the director now owns 17,738 shares in the company, valued at $171,526.46. The trade was a 24.58 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 80,808 shares of company stock valued at $785,274. 42.00% of the stock is owned by corporate insiders.

Ameresco 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.