PFG Investments LLC Has $288,000 Position in Ameresco, Inc. (NYSE:AMRC)

PFG Investments LLC reduced its holdings in Ameresco, Inc. (NYSE:AMRC) by 14.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,081 shares of the utilities provider’s stock after selling 1,570 shares during the period. PFG Investments LLC’s holdings in Ameresco were worth $288,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its holdings in Ameresco by 9.7% in the second quarter. Ameritas Investment Partners Inc. now owns 2,657 shares of the utilities provider’s stock worth $129,000 after purchasing an additional 234 shares during the period. MetLife Investment Management LLC increased its position in shares of Ameresco by 1.5% during the second quarter. MetLife Investment Management LLC now owns 16,887 shares of the utilities provider’s stock worth $821,000 after acquiring an additional 250 shares in the last quarter. Connors Investor Services Inc. increased its position in shares of Ameresco by 0.5% during the fourth quarter. Connors Investor Services Inc. now owns 56,043 shares of the utilities provider’s stock worth $3,202,000 after acquiring an additional 263 shares in the last quarter. Cibc World Market Inc. increased its position in shares of Ameresco by 5.1% during the first quarter. Cibc World Market Inc. now owns 8,278 shares of the utilities provider’s stock worth $658,000 after acquiring an additional 399 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of Ameresco by 0.5% during the second quarter. Segall Bryant & Hamill LLC now owns 92,789 shares of the utilities provider’s stock worth $4,512,000 after acquiring an additional 418 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Stock Performance

Shares of AMRC opened at $24.13 on Friday. The firm has a 50-day moving average of $21.38 and a 200-day moving average of $28.07. Ameresco, Inc. has a one year low of $17.55 and a one year high of $63.19. The company has a market cap of $1.26 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 0.66 and a beta of 1.54. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.25 and a quick ratio of 1.24.

Ameresco (NYSE:AMRC) last posted its earnings results on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. The company had revenue of $441.40 million during the quarter, compared to analysts’ expectations of $399.98 million. Ameresco had a net margin of 4.54% and a return on equity of 7.49%. Ameresco’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS. As a group, equities analysts forecast that Ameresco, Inc. will post 1.4 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. B. Riley lowered their price objective on shares of Ameresco from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Canaccord Genuity Group lowered their price objective on shares of Ameresco from $50.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Bank of America downgraded shares of Ameresco from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $29.00 to $37.00 in a research report on Friday, December 15th. BNP Paribas raised shares of Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Tuesday, March 12th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Ameresco in a research report on Thursday, February 29th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.92.

Ameresco 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.