Oliver Lagore Vanvalin Investment Group Sells 1,000 Shares of Ameresco, Inc. (NYSE:AMRC)

Oliver Lagore Vanvalin Investment Group trimmed its stake in Ameresco, Inc. (NYSE:AMRC) by 50.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,000 shares of the utilities provider’s stock after selling 1,000 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Ameresco were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Daiwa Securities Group Inc. increased its position in shares of Ameresco by 17.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 181,800 shares of the utilities provider’s stock worth $5,758,000 after purchasing an additional 27,300 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in Ameresco during the fourth quarter valued at approximately $1,108,000. Dynamic Advisor Solutions LLC grew its position in Ameresco by 24.6% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 8,672 shares of the utilities provider’s stock valued at $275,000 after acquiring an additional 1,712 shares during the last quarter. Wellington Management Group LLP grew its position in Ameresco by 17.8% during the third quarter. Wellington Management Group LLP now owns 1,169,158 shares of the utilities provider’s stock valued at $45,083,000 after acquiring an additional 176,971 shares during the last quarter. Finally, Deutsche Bank AG grew 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 valued at $658,000 after acquiring an additional 2,426 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMRC has been the topic of a number of recent research reports. Piper Sandler reduced their price target on shares of Ameresco from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. B. Riley reduced their price target on shares of Ameresco from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research report on Wednesday. Canaccord Genuity Group reduced their price target on shares of Ameresco from $50.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Finally, BNP Paribas upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 price target on the stock in a research report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.33.

Ameresco Stock Performance

Shares of AMRC stock opened at $18.56 on Friday. The stock has a fifty day moving average of $21.44 and a 200 day moving average of $25.97. Ameresco, Inc. has a 52 week low of $17.55 and a 52 week high of $63.19. The firm has a market capitalization of $970.32 million, a price-to-earnings ratio of 15.73, a PEG ratio of 0.54 and a beta of 1.56. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 1.26.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The company had revenue of $441.40 million during the quarter, compared to analyst estimates of $399.98 million. During the same quarter last year, the firm posted $0.35 earnings per share. The firm’s revenue was up 33.1% on a year-over-year basis. As a group, research analysts expect that Ameresco, Inc. will post 1.39 earnings per share for the current 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.