Ameresco, Inc. (NYSE:AMRC) Position Raised by Jennison Associates LLC

Jennison Associates LLC boosted its position in Ameresco, Inc. (NYSE:AMRC) by 0.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 278,675 shares of the utilities provider’s stock after purchasing an additional 390 shares during the period. Jennison Associates LLC owned approximately 0.53% of Ameresco worth $10,573,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Natixis acquired a new stake in shares of Ameresco in the first quarter valued at $480,000. Harbor Capital Advisors Inc. lifted its holdings in Ameresco by 187.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 68,787 shares of the utilities provider’s stock valued at $1,982,000 after acquiring an additional 44,882 shares during the last quarter. Swedbank AB bought a new position in shares of Ameresco during the 1st quarter valued at about $12,065,000. Caxton Associates LP bought a new position in shares of Ameresco during the 1st quarter valued at about $1,009,000. Finally, Vanguard Group Inc. grew its stake in shares of Ameresco by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 3,145,838 shares of the utilities provider’s stock worth $75,909,000 after purchasing an additional 36,303 shares during the last quarter. 99.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. Piper Sandler raised their price objective on Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus boosted their target price on Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Jefferies Financial Group assumed coverage on Ameresco in a report on Wednesday, September 4th. They set a “hold” rating and a $33.00 target price for the company. Finally, UBS Group lifted their price target on Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.91.

Ameresco Trading Up 0.9 %

NYSE:AMRC opened at $26.37 on Friday. The stock’s 50-day moving average is $32.56 and its two-hundred day moving average is $31.18. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The stock has a market cap of $1.38 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 0.89 and a beta of 1.82. Ameresco, Inc. has a fifty-two week low of $17.55 and a fifty-two week high of $39.68.

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.