Pier Capital LLC Purchases New Holdings in Ameresco, Inc. $AMRC

Pier Capital LLC acquired a new position in Ameresco, Inc. (NYSE:AMRC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 104,380 shares of the utilities provider’s stock, valued at approximately $3,505,000. Pier Capital LLC owned about 0.20% of Ameresco at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AMRC. Legal & General Group Plc raised its position in shares of Ameresco by 14.3% during the second quarter. Legal & General Group Plc now owns 679,355 shares of the utilities provider’s stock worth $10,319,000 after acquiring an additional 84,960 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Ameresco by 1,832.5% during the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock valued at $26,965,000 after acquiring an additional 1,683,326 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Ameresco by 318.2% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 107,788 shares of the utilities provider’s stock valued at $3,620,000 after acquiring an additional 82,015 shares during the last quarter. Swedbank AB bought a new position in Ameresco in the third quarter valued at about $3,895,000. Finally, Caxton Associates LLP acquired a new stake in Ameresco in the second quarter worth about $2,300,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Price Performance

Shares of AMRC opened at $26.25 on Friday. The stock has a market cap of $1.39 billion, a P/E ratio of 31.63, a price-to-earnings-growth ratio of 2.03 and a beta of 2.53. Ameresco, Inc. has a 1 year low of $8.49 and a 1 year high of $44.93. The stock’s 50-day moving average price is $30.94 and its two-hundred day moving average price is $32.32. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.56.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, March 2nd. The utilities provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Ameresco had a return on equity of 4.49% and a net margin of 2.29%.The company had revenue of $581.03 million during the quarter, compared to analysts’ expectations of $556.09 million. During the same period in the prior year, the business posted $0.88 EPS. Ameresco’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Insider Buying and Selling

In other Ameresco news, Director Nickolas Stavropoulos sold 15,700 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $34.15, for a total value of $536,155.00. Following the sale, the director directly owned 14,111 shares in the company, valued at approximately $481,890.65. This trade represents a 52.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 17,020 shares of company stock valued at $577,840 over the last ninety days. 44.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Roth Mkm reissued a “buy” rating on shares of Ameresco in a report on Wednesday, December 3rd. Weiss Ratings cut shares of Ameresco from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. Wall Street Zen downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Cantor Fitzgerald restated an “overweight” rating on shares of Ameresco in a report on Wednesday, March 4th. Finally, William Blair raised shares of Ameresco to a “hold” rating in a research note on Tuesday, January 27th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $40.20.

About Ameresco

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.