Swiss National Bank Decreases Holdings in Ameresco, Inc. (NYSE:AMRC)

Swiss National Bank decreased its stake in Ameresco, Inc. (NYSE:AMRC) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,100 shares of the utilities provider’s stock after selling 7,200 shares during the quarter. Swiss National Bank’s holdings in Ameresco were worth $2,030,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AMRC. Cetera Trust Company N.A acquired a new stake in Ameresco during the fourth quarter worth about $106,000. Dynamic Advisor Solutions LLC raised its stake in shares of Ameresco by 24.6% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 8,672 shares of the utilities provider’s stock worth $275,000 after purchasing an additional 1,712 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Ameresco in the third quarter valued at about $295,000. Victory Capital Management Inc. lifted its stake in shares of Ameresco by 8.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,318 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 752 shares during the period. Finally, Deutsche Bank AG boosted its position in Ameresco by 16.6% during the third quarter. Deutsche Bank AG now owns 17,058 shares of the utilities provider’s stock worth $658,000 after purchasing an additional 2,426 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMRC shares. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a report on Wednesday, April 17th. Canaccord Genuity Group decreased their price target on Ameresco from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Raymond James cut their price objective on shares of Ameresco from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, April 3rd. Robert W. Baird lifted their price target on shares of Ameresco from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. Finally, Stifel Nicolaus dropped their price objective on Ameresco from $35.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Ameresco presently has an average rating of “Moderate Buy” and a consensus target price of $40.31.

Ameresco Trading Up 5.3 %

NYSE AMRC opened at $33.95 on Friday. The firm’s fifty day simple moving average is $23.48 and its 200-day simple moving average is $24.89. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.09. Ameresco, Inc. has a 1-year low of $17.55 and a 1-year high of $63.19. The company has a market capitalization of $1.78 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 0.92 and a beta of 1.60.

Ameresco (NYSE:AMRC) last issued its earnings results on Tuesday, May 7th. The utilities provider reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The firm had revenue of $298.41 million for the quarter, compared to the consensus estimate of $255.38 million. Ameresco had a return on equity of 6.67% and a net margin of 4.17%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. As a group, sell-side analysts anticipate that Ameresco, Inc. will post 1.38 earnings per share for the current fiscal year.

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.