Grantham Mayo Van Otterloo & Co. LLC Sells 178,447 Shares of Ameresco, Inc. (NYSE:AMRC)

Grantham Mayo Van Otterloo & Co. LLC decreased its position in shares of Ameresco, Inc. (NYSE:AMRC) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,031,124 shares of the utilities provider’s stock after selling 178,447 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 7.69% of Ameresco worth $94,651,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cetera Trust Company N.A lifted its stake in Ameresco by 6.9% in the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 440 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Ameresco by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider’s stock worth $2,389,000 after buying an additional 859 shares in the last quarter. Nicola Wealth Management LTD. lifted its stake in shares of 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 acquiring an additional 2,000 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Ameresco by 1,294.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 2,279 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in Ameresco by 31.5% during the 4th quarter. Intech Investment Management LLC now owns 12,447 shares of the utilities provider’s stock worth $292,000 after acquiring an additional 2,983 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Trading Down 4.1 %

NYSE:AMRC opened at $10.78 on Friday. Ameresco, Inc. has a 52 week low of $9.04 and a 52 week high of $39.68. 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’s fifty day moving average is $15.58 and its 200-day moving average is $24.29. The firm has a market cap of $566.13 million, a P/E ratio of 10.78, a P/E/G ratio of 0.49 and a beta of 2.07.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $524.31 million. Equities analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Insider Buying and Selling at Ameresco

In other 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 transaction of $842,400.00. Following the transaction, the director now owns 17,225 shares of the company’s stock, valued at $362,758.50. This represents a 69.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George P. Sakellaris bought 50,000 shares of Ameresco stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $9.96 per share, with a total value of $498,000.00. Following the completion of the purchase, the chief executive officer now owns 903,638 shares in the company, valued at $9,000,234.48. This trade represents a 5.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 80,808 shares of company stock valued at $785,274 and have sold 40,085 shares valued at $843,378. Insiders own 42.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AMRC shares. UBS Group downgraded Ameresco from a “buy” rating to a “sell” rating and dropped their target price for the company from $37.00 to $8.00 in a research report on Tuesday, March 4th. Canaccord Genuity Group dropped their price objective on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a report on Friday, February 28th. Robert W. Baird reduced their target price 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 dropped their price target on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ameresco currently has a consensus rating of “Moderate Buy” and an average price target of $26.57.

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.