41,823 Shares in Ameresco, Inc. (NYSE:AMRC) Acquired by Caxton Associates LP

Caxton Associates LP acquired a new stake in shares of Ameresco, Inc. (NYSE:AMRC) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 41,823 shares of the utilities provider’s stock, valued at approximately $1,009,000. Caxton Associates LP owned about 0.08% of Ameresco at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Asset Management Holding S.A. acquired a new position in Ameresco during the 4th quarter valued at approximately $22,650,000. First Trust Advisors LP lifted its position in Ameresco by 59.9% during the 4th quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider’s stock worth $25,128,000 after acquiring an additional 297,236 shares during the period. Trustees of Princeton University acquired a new stake in Ameresco during the 4th quarter worth about $7,170,000. Rock Point Advisors LLC raised its stake in shares of Ameresco by 97.8% in the fourth quarter. Rock Point Advisors LLC now owns 255,312 shares of the utilities provider’s stock worth $8,086,000 after purchasing an additional 126,204 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Ameresco by 13.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 912,198 shares of the utilities provider’s stock worth $28,890,000 after purchasing an additional 110,204 shares during the period. 99.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. B. Riley upgraded shares of Ameresco to a “strong-buy” rating in a report on Tuesday, June 25th. UBS Group increased their price objective on shares of Ameresco from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Piper Sandler boosted their price target on Ameresco from $30.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Raymond James decreased their price target on shares of Ameresco from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 3rd. Finally, Oppenheimer reissued a “market perform” rating on shares of Ameresco in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.85.

Ameresco Stock Down 0.8 %

AMRC traded down $0.25 during trading hours on Tuesday, hitting $30.73. 107,138 shares of the company’s stock were exchanged, compared to its average volume of 530,889. The firm has a market cap of $1.61 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 0.89 and a beta of 1.78. 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 12-month low of $17.55 and a 12-month high of $59.66. The firm has a 50 day moving average of $32.01 and a 200 day moving average of $25.68.

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

Insiders Place Their Bets

In related news, CAO Mark Chiplock sold 3,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $35.00, for a total transaction of $105,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 348 shares of the company’s stock, valued at $12,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 42.00% of the stock is owned by company insiders.

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.