Barclays PLC Acquires 39,773 Shares of Ameresco, Inc. (NYSE:AMRC)

Barclays PLC lifted its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 204.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 59,248 shares of the utilities provider’s stock after acquiring an additional 39,773 shares during the period. Barclays PLC owned approximately 0.11% of Ameresco worth $2,248,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Stifel Financial Corp raised its position in Ameresco by 35.1% in the third quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider’s stock worth $4,487,000 after purchasing an additional 30,718 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Ameresco by 81.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock worth $38,126,000 after buying an additional 450,571 shares during the period. Clayton Partners LLC lifted its position in shares of Ameresco by 117.8% during the 2nd quarter. Clayton Partners LLC now owns 77,735 shares of the utilities provider’s stock worth $2,240,000 after buying an additional 42,052 shares during the period. Lisanti Capital Growth LLC acquired a new stake in Ameresco in the 2nd quarter valued at $2,048,000. Finally, Bank of New York Mellon Corp grew its position in Ameresco by 24.1% in the second quarter. Bank of New York Mellon Corp now owns 129,427 shares of the utilities provider’s stock valued at $3,729,000 after acquiring an additional 25,121 shares during the period. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMRC has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price objective on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 11th. Jefferies Financial Group assumed coverage on shares of Ameresco in a research report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price target on the stock. StockNews.com raised shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. UBS Group boosted their target price on Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Finally, Robert W. Baird raised their price target on Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.90.

Ameresco Price Performance

Shares of AMRC stock opened at $23.53 on Thursday. The firm’s 50 day moving average price is $27.80 and its two-hundred day moving average price is $30.31. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. Ameresco, Inc. has a 52-week low of $17.55 and a 52-week high of $39.68. The stock has a market cap of $1.23 billion, a PE ratio of 23.53, a PEG ratio of 0.90 and a beta of 1.76.

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.