Daiwa Securities Group Inc. Purchases 27,300 Shares of Ameresco, Inc. (NYSE:AMRC)

Daiwa Securities Group Inc. lifted its holdings in Ameresco, Inc. (NYSE:AMRC) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 181,800 shares of the utilities provider’s stock after purchasing an additional 27,300 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ameresco were worth $5,758,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in Ameresco by 24.8% during the first quarter. JPMorgan Chase & Co. now owns 89,815 shares of the utilities provider’s stock worth $7,141,000 after acquiring an additional 17,857 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Ameresco by 58.9% in the 1st quarter. MetLife Investment Management LLC now owns 15,991 shares of the utilities provider’s stock worth $1,271,000 after purchasing an additional 5,927 shares during the period. Rhumbline Advisers boosted its holdings in shares of Ameresco by 6.8% in the 1st quarter. Rhumbline Advisers now owns 32,223 shares of the utilities provider’s stock worth $2,562,000 after purchasing an additional 2,055 shares during the period. BlackRock Inc. increased its position in shares of Ameresco by 3.2% during the 1st quarter. BlackRock Inc. now owns 2,355,254 shares of the utilities provider’s stock valued at $187,241,000 after purchasing an additional 72,667 shares during the last quarter. Finally, Cibc World Market Inc. raised its holdings in Ameresco by 5.1% during the 1st quarter. Cibc World Market Inc. now owns 8,278 shares of the utilities provider’s stock valued at $658,000 after buying an additional 399 shares during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Stock Up 1.6 %

Shares of NYSE AMRC opened at $18.85 on Friday. Ameresco, Inc. has a 52-week low of $17.55 and a 52-week high of $63.19. The firm has a market capitalization of $985.48 million, a price-to-earnings ratio of 15.97, a PEG ratio of 0.54 and a beta of 1.56. The stock has a 50 day moving average price of $21.36 and a 200 day moving average price of $25.85. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.24 and a current ratio of 1.25.

Ameresco (NYSE:AMRC) last issued its earnings results on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.09. The business had revenue of $441.40 million during the quarter, compared to analysts’ expectations of $399.98 million. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. Sell-side analysts expect that Ameresco, Inc. will post 1.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMRC shares. Canaccord Genuity Group dropped their price objective on shares of Ameresco from $50.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. StockNews.com raised shares of Ameresco to a “sell” rating in a research note on Tuesday. Piper Sandler reduced their price objective on shares of Ameresco from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. BNP Paribas upgraded Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 target price for the company in a research report on Tuesday, March 12th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Ameresco in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Ameresco currently has an average rating of “Moderate Buy” and a consensus target price of $45.33.

About Ameresco

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.