Stifel Financial Corp Reduces Stock Position in Ameresco, Inc. (NYSE:AMRC)

Stifel Financial Corp trimmed its position in Ameresco, Inc. (NYSE:AMRC) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,591 shares of the utilities provider’s stock after selling 9,686 shares during the period. Stifel Financial Corp owned about 0.21% of Ameresco worth $2,550,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. First Eagle Investment Management LLC lifted its stake in shares of Ameresco by 87.7% during the fourth quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider’s stock valued at $9,888,000 after buying an additional 196,776 shares during the period. Vanguard Group Inc. lifted its stake in shares of Ameresco by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider’s stock worth $74,767,000 after purchasing an additional 37,359 shares during the period. Barclays PLC boosted its holdings in shares of Ameresco by 204.2% during the third quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock worth $2,248,000 after purchasing an additional 39,773 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Ameresco by 96.8% in the fourth quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider’s stock valued at $1,060,000 after purchasing an additional 22,197 shares during the period. Finally, Invesco Ltd. increased its stake in Ameresco by 29.8% in the fourth quarter. Invesco Ltd. now owns 321,982 shares of the utilities provider’s stock valued at $7,560,000 after purchasing an additional 73,928 shares during the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the transaction, the director now directly owns 17,225 shares of the company’s stock, valued at $362,758.50. This trade represents a 69.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George P. Sakellaris bought 50,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $9.96 per share, with a total value of $498,000.00. Following the transaction, the chief executive officer now directly owns 903,638 shares in the company, valued at approximately $9,000,234.48. The trade was a 5.86 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 80,808 shares of company stock valued at $785,274 and sold 40,085 shares valued at $843,378. 42.00% of the stock is currently owned by company insiders.

Ameresco Stock Performance

Ameresco stock opened at $12.02 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. Ameresco, Inc. has a one year low of $8.49 and a one year high of $39.68. The stock’s 50 day moving average price is $11.17 and its 200 day moving average price is $20.37. The firm has a market capitalization of $631.54 million, a PE ratio of 12.02, a price-to-earnings-growth ratio of 0.49 and a beta of 2.02.

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

Analyst Ratings Changes

Several analysts have commented on the company. Canaccord Genuity Group lowered their price target on Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a report on Friday, February 28th. Robert W. Baird reaffirmed a “neutral” rating and set a $13.00 price target (down previously from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. Stifel Nicolaus decreased their price target on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. UBS Group downgraded Ameresco from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $37.00 to $8.00 in a report on Tuesday, March 4th. Finally, Baird R W cut Ameresco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.83.

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.