Ameresco, Inc. $AMRC Stock Bought by Gagnon Securities LLC

Gagnon Securities LLC boosted its position in Ameresco, Inc. (NYSE:AMRC) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 896,427 shares of the utilities provider’s stock after buying an additional 69,865 shares during the quarter. Ameresco makes up approximately 3.2% of Gagnon Securities LLC’s portfolio, making the stock its 8th biggest position. Gagnon Securities LLC owned about 1.69% of Ameresco worth $18,565,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Raiffeisen Bank International AG purchased a new position in shares of Ameresco during the second quarter worth approximately $2,657,000. Dimensional Fund Advisors LP lifted its holdings in shares of Ameresco by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock worth $36,711,000 after acquiring an additional 167,068 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Ameresco by 64.7% in the 1st quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider’s stock valued at $3,199,000 after purchasing an additional 49,279 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Ameresco in the 1st quarter valued at $3,089,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of Ameresco by 5.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock valued at $23,680,000 after purchasing an additional 42,826 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Insider Activity

In other news, Director Joseph W. Sutton acquired 9,700 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were purchased at an average price of $20.87 per share, for a total transaction of $202,439.00. Following the completion of the transaction, the director owned 80,246 shares of the company’s stock, valued at $1,674,734.02. The trade was a 13.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian C. Cox acquired 4,625 shares of the stock in a transaction dated Friday, August 21st. The shares were purchased at an average cost of $21.64 per share, with a total value of $100,085.00. Following the completion of the purchase, the director owned 44,325 shares of the company’s stock, valued at approximately $959,193. The trade was a 11.65% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 29,325 shares of company stock worth $628,664. 45.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Cantor Fitzgerald decreased their target price on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday, August 27th. UBS Group boosted their price target on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Oppenheimer restated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. Zacks Research cut Ameresco from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. Finally, BNP Paribas Exane upgraded Ameresco from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $34.00 to $40.00 in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $40.71.

Ameresco Stock Performance

NYSE:AMRC opened at $26.57 on Thursday. The firm has a market cap of $1.41 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 1.93 and a beta of 2.50. Ameresco, Inc. has a fifty-two week low of $18.09 and a fifty-two week high of $37.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.66 and a current ratio of 1.65. The business has a 50 day moving average price of $21.65 and a 200-day moving average price of $26.14.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, November 9th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.31. Ameresco had a net margin of 2.01% and a return on equity of 4.68%. The firm had revenue of $580.32 million for the quarter, compared to analysts’ expectations of $572.89 million. During the same quarter last year, the business earned $0.35 earnings per share. The business’s revenue was up 10.3% on a year-over-year basis. Equities research analysts predict that Ameresco, Inc. will post 1.30 earnings per share for the current year.

Ameresco News Roundup

Investors following AMRC have been watching these news items:

• Positive Sentiment: Canaccord and Stifel maintained Buy ratings despite modestly reducing their price targets; Cantor Fitzgerald also kept its Buy rating. Cantor Fitzgerald rating
• Neutral Sentiment: Ameresco expects to take 12–18 months to convert five data-center projects into contracted backlog, offering potential upside but not yet representing secured work. Data-center project timeline
• Negative Sentiment: Q4 revenue guidance of $625 million–$650 million has a midpoint slightly below the $639.2 million consensus estimate, and Stifel and Canaccord each lowered their price targets by $1 while retaining Buy ratings.

Ameresco Profile

Ameresco, Inc. is a clean-energy and energy-efficiency company that develops, designs, builds, and operates projects for public- and private-sector customers. Its clients include federal, state and local government agencies, schools, healthcare organizations, utilities, and commercial and industrial businesses. The company’s services include improving the energy performance of buildings and infrastructure, developing renewable-energy projects, and providing distributed energy systems, microgrids, energy storage, and related operations and maintenance.