DekaBank Deutsche Girozentrale Sells 266,415 Shares of Ameresco, Inc. (NYSE:AMRC)

DekaBank Deutsche Girozentrale lowered its holdings in Ameresco, Inc. (NYSE:AMRC) by 44.6% in the 1st quarter, HoldingsChannel reports. The firm owned 330,355 shares of the utilities provider’s stock after selling 266,415 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Ameresco were worth $7,476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMRC. Quest Partners LLC purchased a new position in shares of Ameresco in the 4th quarter worth approximately $62,000. Cetera Trust Company N.A purchased a new stake in Ameresco during the 4th quarter worth approximately $106,000. Invst LLC purchased a new stake in Ameresco during the 1st quarter worth approximately $225,000. CANADA LIFE ASSURANCE Co grew its position in Ameresco by 51.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 9,931 shares of the utilities provider’s stock worth $239,000 after purchasing an additional 3,374 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in Ameresco by 15.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock valued at $256,000 after acquiring an additional 1,410 shares during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Mark Chiplock sold 3,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $35.00, for a total transaction of $105,000.00. Following the completion of the sale, the chief accounting officer now owns 348 shares of the company’s stock, valued at $12,180. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 42.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMRC. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research note on Monday, July 1st. Stifel Nicolaus decreased their price objective on shares of Ameresco from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Robert W. Baird lifted their price objective on shares of Ameresco from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. UBS Group lifted their price objective on shares of Ameresco from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Finally, B. Riley upgraded shares of Ameresco to a “strong-buy” rating in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ameresco presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.17.

Ameresco Price Performance

NYSE:AMRC traded down $1.64 during trading hours on Friday, reaching $27.41. 519,317 shares of the company were exchanged, compared to its average volume of 572,717. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.09. The stock’s 50-day moving average is $31.83 and its 200-day moving average is $25.78. The firm has a market cap of $1.43 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 0.86 and a beta of 1.78. Ameresco, Inc. has a twelve month low of $17.55 and a twelve month high of $53.31.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The company had revenue of $298.41 million during the quarter, compared to analysts’ expectations of $255.38 million. Ameresco had a net margin of 4.17% and a return on equity of 6.67%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. On average, sell-side analysts anticipate that Ameresco, Inc. will post 1.36 earnings per share for the current fiscal 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.