Daiwa Securities Group Inc. Grows Stake in Ameresco, Inc. (NYSE:AMRC)

Daiwa Securities Group Inc. lifted its position in Ameresco, Inc. (NYSE:AMRC) by 17.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 181,800 shares of the utilities provider’s stock after purchasing an additional 27,300 shares during the quarter. Daiwa Securities Group Inc. owned about 0.35% of Ameresco worth $5,758,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC purchased a new stake in shares of Ameresco in the 2nd quarter valued at about $20,914,000. Ashford Capital Management Inc. purchased a new stake in Ameresco in the third quarter valued at approximately $7,858,000. State Street Corp lifted its position in Ameresco by 28.7% during the second quarter. State Street Corp now owns 844,527 shares of the utilities provider’s stock valued at $41,069,000 after purchasing an additional 188,464 shares during the last quarter. Vanguard Group Inc. grew its stake in Ameresco by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,992,738 shares of the utilities provider’s stock worth $198,956,000 after buying an additional 179,495 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Ameresco by 17.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,169,158 shares of the utilities provider’s stock worth $45,083,000 after buying an additional 176,971 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on AMRC shares. StockNews.com raised shares of Ameresco to a “sell” rating in a report on Tuesday. Canaccord Genuity Group dropped their price target on Ameresco from $50.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. BNP Paribas upgraded Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research report on Tuesday, March 12th. Piper Sandler decreased their price objective on Ameresco from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Finally, Raymond James cut their target price on Ameresco from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.33.

Ameresco Stock Up 1.6 %

Shares of NYSE AMRC opened at $18.85 on Friday. The company has a market cap 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 company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 1.26. The firm’s fifty day moving average is $21.36 and its 200 day moving average is $25.85. Ameresco, Inc. has a 52 week low of $17.55 and a 52 week high of $63.19.

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

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.