Grantham Mayo Van Otterloo & Co. LLC Reduces Position in Ameresco, Inc. $AMRC

Grantham Mayo Van Otterloo & Co. LLC trimmed its stake in Ameresco, Inc. (NYSE:AMRC) by 16.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,203,393 shares of the utilities provider’s stock after selling 643,538 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 6.10% of Ameresco worth $107,570,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CoreCap Advisors LLC acquired a new position in Ameresco in the 3rd quarter valued at about $50,000. Tower Research Capital LLC TRC boosted its stake in shares of Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 1,754 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Ameresco during the third quarter worth about $76,000. Nkcfo LLC purchased a new stake in shares of Ameresco during the third quarter worth about $107,000. Finally, Creative Planning acquired a new position in shares of Ameresco in the second quarter valued at approximately $153,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Stock Down 5.4%

Shares of NYSE AMRC opened at $25.68 on Friday. Ameresco, Inc. has a 52-week low of $8.49 and a 52-week high of $44.93. The firm has a fifty day moving average of $31.20 and a 200-day moving average of $32.30. The stock has a market capitalization of $1.36 billion, a PE ratio of 30.94, a P/E/G ratio of 1.92 and a beta of 2.53. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 1.56.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, March 2nd. The utilities provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Ameresco had a return on equity of 4.49% and a net margin of 2.29%.The business had revenue of $581.03 million during the quarter, compared to the consensus estimate of $556.09 million. During the same period in the prior year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts anticipate that Ameresco, Inc. will post 1.15 EPS for the current year.

Insider Buying and Selling

In other news, Director Nickolas Stavropoulos sold 15,700 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $34.15, for a total value of $536,155.00. Following the transaction, the director directly owned 14,111 shares in the company, valued at $481,890.65. This trade represents a 52.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 16,645 shares of company stock worth $568,297 in the last ninety days. Corporate insiders own 44.96% of the company’s stock.

Analyst Upgrades and Downgrades

AMRC has been the topic of a number of analyst reports. Canaccord Genuity Group raised their target price on shares of Ameresco from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating on shares of Ameresco in a report on Wednesday. Roth Mkm reissued a “buy” rating on shares of Ameresco in a research note on Wednesday, December 3rd. William Blair raised Ameresco to a “hold” rating in a research report on Tuesday, January 27th. Finally, Stifel Nicolaus increased their target price on Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ameresco presently has an average rating of “Moderate Buy” and a consensus price target of $40.10.

Ameresco Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.