Compound Planning Inc. Acquires New Position in Ameresco, Inc. $AMRC

Compound Planning Inc. bought a new position in 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 institutional investor bought 18,676 shares of the utilities provider’s stock, valued at approximately $627,000.

Several other large investors have also recently made changes to their positions in AMRC. CoreCap Advisors LLC bought a new stake in shares of Ameresco in the 3rd quarter worth approximately $50,000. Tower Research Capital LLC TRC lifted its stake in Ameresco by 99.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 1,754 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Ameresco during the third quarter valued at about $76,000. Nkcfo LLC purchased a new stake in Ameresco during the third quarter valued at about $107,000. Finally, Cetera Trust Company N.A grew its stake in shares of Ameresco by 35.5% during the second quarter. Cetera Trust Company N.A now owns 9,215 shares of the utilities provider’s stock valued at $140,000 after buying an additional 2,415 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ameresco news, Director Nickolas Stavropoulos sold 15,700 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $34.15, for a total value of $536,155.00. Following the completion of the transaction, the director owned 14,111 shares in the company, valued at approximately $481,890.65. This represents a 52.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 16,645 shares of company stock valued at $568,297 over the last 90 days. 44.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMRC shares. Stifel Nicolaus raised their price target on Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ameresco in a research note on Monday, December 29th. UBS Group increased their price target on shares of Ameresco from $23.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Wall Street Zen downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Finally, B. Riley Financial increased their target price on shares of Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ameresco presently has an average rating of “Moderate Buy” and an average target price of $37.80.

Ameresco Stock Performance

Ameresco stock opened at $30.39 on Friday. Ameresco, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $44.93. The stock’s 50 day simple moving average is $31.45 and its two-hundred day simple moving average is $31.99. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.50 and a current ratio of 1.51. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.10 and a beta of 2.53.

Ameresco Profile

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.