Grantham Mayo Van Otterloo & Co. LLC Sells 178,447 Shares of Ameresco, Inc. (NYSE:AMRC)

Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in Ameresco, Inc. (NYSE:AMRC) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,031,124 shares of the utilities provider’s stock after selling 178,447 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.08% of Ameresco worth $94,651,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of Ameresco by 22.1% in the fourth quarter. Wells Fargo & Company MN now owns 42,338 shares of the utilities provider’s stock worth $994,000 after purchasing an additional 7,666 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in Ameresco in the 4th quarter valued at $1,849,000. Trexquant Investment LP lifted its stake in Ameresco by 32.2% during the 4th quarter. Trexquant Investment LP now owns 225,269 shares of the utilities provider’s stock valued at $5,289,000 after acquiring an additional 54,868 shares in the last quarter. Geode Capital Management LLC lifted its stake in Ameresco by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 758,952 shares of the utilities provider’s stock valued at $17,825,000 after acquiring an additional 4,177 shares in the last quarter. Finally, Diametric Capital LP grew its stake in shares of Ameresco by 70.1% in the 4th quarter. Diametric Capital LP now owns 13,858 shares of the utilities provider’s stock worth $325,000 after acquiring an additional 5,710 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Stock Performance

Shares of AMRC stock opened at $10.78 on Friday. Ameresco, Inc. has a 12 month low of $9.04 and a 12 month high of $39.68. The stock has a market capitalization of $566.13 million, a P/E ratio of 10.78, a PEG ratio of 0.49 and a beta of 2.07. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The firm’s 50 day moving average is $15.58 and its 200 day moving average is $24.29.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.12. The company had revenue of $532.67 million during the quarter, compared to analysts’ expectations of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. On average, sell-side analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Insider Activity

In other Ameresco news, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $9.67 per share, for a total transaction of $33,845.00. Following the transaction, the director now owns 17,738 shares in the company, valued at $171,526.46. The trade was a 24.58 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jennifer L. Miller sold 40,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the transaction, the director now directly owns 17,225 shares of the company’s stock, valued at $362,758.50. The trade was a 69.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. 42.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMRC shares. UBS Group lowered shares of Ameresco from a “buy” rating to a “sell” rating and dropped their price target for the company from $37.00 to $8.00 in a research report on Tuesday, March 4th. Stifel Nicolaus dropped their target price on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Canaccord Genuity Group cut their target price on Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Robert W. Baird decreased their price target on Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.57.

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.