Ameresco, Inc. (NYSE:AMRC) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 975,086 shares of the utilities provider’s stock after selling 29,816 shares during the period. Wellington Management Group LLP’s holdings in Ameresco were worth $22,895,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMRC. Vanguard Group Inc. lifted its position in shares of Ameresco by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider’s stock worth $74,767,000 after purchasing an additional 37,359 shares in the last quarter. Geode Capital Management LLC increased its stake in Ameresco by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 754,775 shares of the utilities provider’s stock worth $28,642,000 after buying an additional 10,197 shares during the period. American Century Companies Inc. lifted its holdings in Ameresco by 9.4% in the 4th quarter. American Century Companies Inc. now owns 752,375 shares of the utilities provider’s stock worth $17,666,000 after buying an additional 64,764 shares in the last quarter. DnB Asset Management AS boosted its position in Ameresco by 59.6% in the 4th quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider’s stock valued at $14,403,000 after buying an additional 229,128 shares during the last quarter. Finally, Gagnon Securities LLC grew its stake in shares of Ameresco by 22.5% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMRC. Robert W. Baird reduced their price objective on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Canaccord Genuity Group decreased their price target on Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, February 28th. UBS Group downgraded Ameresco from a “buy” rating to a “sell” rating and reduced their target price for the stock from $37.00 to $8.00 in a report on Tuesday, March 4th. Finally, Stifel Nicolaus lowered their price target on Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.57.

Insider Buying and Selling at Ameresco

In related news, Director Jennifer L. Miller sold 40,000 shares of the company’s 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 of the company’s stock, valued at $362,758.50. This represents a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Francis V. Wisneski, Jr. bought 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $9.67 per share, with a total value of $33,845.00. Following the transaction, the director now directly owns 17,738 shares in the company, valued at $171,526.46. This represents a 24.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 80,808 shares of company stock worth $785,274 and have sold 40,085 shares worth $843,378. 42.00% of the stock is owned by company insiders.

Ameresco Trading Down 6.1 %

Shares of NYSE AMRC opened at $10.16 on Tuesday. Ameresco, Inc. has a 12-month low of $9.04 and a 12-month high of $39.68. The company has a market cap of $533.55 million, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 0.49 and a beta of 2.02. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The stock’s 50 day simple moving average is $15.35 and its 200 day simple moving average is $23.95.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 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 during the quarter, compared to analyst estimates of $524.31 million. Equities research analysts expect that Ameresco, Inc. will post 1.15 EPS for the current year.

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.