Intech Investment Management LLC Buys New Shares in Ameresco, Inc. (NYSE:AMRC)

Intech Investment Management LLC purchased a new position in shares of Ameresco, Inc. (NYSE:AMRC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,464 shares of the utilities provider’s stock, valued at approximately $359,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMRC. Vanguard Group Inc. lifted its position in 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 buying an additional 36,303 shares during the last quarter. LGT Group Foundation bought a new position in shares of Ameresco during the 2nd quarter valued at $20,325,000. Point72 Asset Management L.P. bought a new position in shares of Ameresco during the 2nd quarter valued at $10,821,000. DekaBank Deutsche Girozentrale lifted its stake in Ameresco by 3,389.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 184,935 shares of the utilities provider’s stock worth $7,124,000 after purchasing an additional 179,635 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Ameresco by 190.4% during the second quarter. American Century Companies Inc. now owns 184,281 shares of the utilities provider’s stock valued at $5,309,000 after buying an additional 120,833 shares during the period. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Ameresco Stock Performance

Ameresco stock opened at $28.17 on Wednesday. Ameresco, Inc. has a fifty-two week low of $17.55 and a fifty-two week high of $39.68. The stock’s 50 day simple moving average is $31.22 and its two-hundred day simple moving average is $31.29. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 0.99 and a beta of 1.76.

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.