Trustees of Princeton University Purchases New Stake in Ameresco, Inc. (NYSE:AMRC)

Trustees of Princeton University acquired a new position in Ameresco, Inc. (NYSE:AMRC) in the 4th quarter, Holdings Channel reports. The firm acquired 226,400 shares of the utilities provider’s stock, valued at approximately $7,170,000. Ameresco accounts for approximately 92.2% of Trustees of Princeton University’s investment portfolio, making the stock its largest position.

Several other institutional investors have also added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in shares of Ameresco by 1.0% in the 3rd quarter. Rhumbline Advisers now owns 44,866 shares of the utilities provider’s stock worth $1,730,000 after acquiring an additional 465 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Ameresco by 5.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,941 shares of the utilities provider’s stock worth $576,000 after acquiring an additional 800 shares in the last quarter. Swiss National Bank increased its stake in shares of Ameresco by 1.4% in the 3rd quarter. Swiss National Bank now owns 71,300 shares of the utilities provider’s stock worth $2,749,000 after acquiring an additional 1,000 shares in the last quarter. Inspire Investing LLC increased its stake in shares of Ameresco by 25.1% in the 3rd quarter. Inspire Investing LLC now owns 8,008 shares of the utilities provider’s stock worth $309,000 after acquiring an additional 1,607 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in shares of Ameresco by 24.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 8,672 shares of the utilities provider’s stock worth $275,000 after acquiring an additional 1,712 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMRC. BNP Paribas upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 price target for the company in a research note on Tuesday, March 12th. Canaccord Genuity Group reduced their price objective on shares of Ameresco from $50.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Piper Sandler reduced their price objective on shares of Ameresco from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Truist Financial reduced their price objective on shares of Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Monday. Finally, Raymond James reduced their price objective on shares of Ameresco from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Ameresco has an average rating of “Moderate Buy” and a consensus target price of $44.69.

Ameresco Trading Up 9.3 %

AMRC stock traded up $1.78 during mid-day trading on Tuesday, reaching $20.87. 547,484 shares of the stock traded hands, compared to its average volume of 541,591. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.24 and a current ratio of 1.25. Ameresco, Inc. has a one year low of $17.55 and a one year high of $63.19. The stock has a market capitalization of $1.09 billion, a PE ratio of 17.69, a PEG ratio of 0.54 and a beta of 1.56. The business has a 50-day moving average price of $21.24 and a two-hundred day moving average price of $25.63.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. The business had revenue of $441.40 million for the quarter, compared to analysts’ expectations of $399.98 million. Ameresco had a net margin of 4.54% and a return on equity of 7.49%. The business’s revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share. Equities research analysts expect that Ameresco, Inc. will post 1.39 EPS for the current year.

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.