Jennison Associates LLC Reduces Holdings in Ameresco, Inc. (NYSE:AMRC)

Jennison Associates LLC lowered its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 273,559 shares of the utilities provider’s stock after selling 5,116 shares during the quarter. Jennison Associates LLC owned about 0.52% of Ameresco worth $6,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of AMRC. Gagnon Advisors LLC boosted its position in Ameresco by 32.4% during the 4th quarter. Gagnon Advisors LLC now owns 272,694 shares of the utilities provider’s stock valued at $6,403,000 after acquiring an additional 66,746 shares in the last quarter. Gagnon Securities LLC boosted its position in shares of Ameresco by 22.5% during the fourth quarter. Gagnon Securities LLC now owns 571,202 shares of the utilities provider’s stock valued at $13,412,000 after purchasing an additional 104,861 shares in the last quarter. Inspire Investing LLC grew its stake in Ameresco by 58.3% in the fourth quarter. Inspire Investing LLC now owns 17,077 shares of the utilities provider’s stock worth $401,000 after purchasing an additional 6,291 shares during the period. SG Americas Securities LLC raised its holdings in Ameresco by 70.7% in the fourth quarter. SG Americas Securities LLC now owns 42,506 shares of the utilities provider’s stock worth $998,000 after purchasing an additional 17,600 shares in the last quarter. Finally, Cetera Trust Company N.A lifted its position in Ameresco by 6.9% during the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock valued at $160,000 after buying an additional 440 shares during the period. 99.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMRC shares. Stifel Nicolaus upped their target price on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Piper Sandler upped their price objective on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.56.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $21.06, for a total transaction of $842,400.00. Following the transaction, the director now owns 17,225 shares in the company, valued at approximately $362,758.50. This represents a 69.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 42.00% of the company’s stock.

Ameresco Price Performance

Shares of AMRC opened at $20.21 on Thursday. Ameresco, Inc. has a twelve month low of $17.55 and a twelve month high of $39.68. The company has a market capitalization of $1.06 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 0.58 and a beta of 1.79. The firm has a 50 day moving average of $24.48 and a 200 day moving average of $28.79. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36.

Ameresco Company 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.