Wellington Management Group LLP Has $38.13 Million Stock Holdings in Ameresco, Inc. (NYSE:AMRC)

Wellington Management Group LLP increased its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 81.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,004,902 shares of the utilities provider’s stock after acquiring an additional 450,571 shares during the period. Wellington Management Group LLP owned about 1.92% of Ameresco worth $38,126,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 391 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Ameresco by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock valued at $356,000 after purchasing an additional 489 shares during the last quarter. GAMMA Investing LLC increased its stake in Ameresco by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after buying an additional 618 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Ameresco by 1,294.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 2,279 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Ameresco during the 2nd quarter worth approximately $75,000. Institutional investors own 99.24% of the company’s stock.

Analyst Ratings Changes

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

Ameresco Stock Performance

NYSE AMRC opened at $25.16 on Friday. The company has a 50-day simple moving average of $29.77 and a two-hundred day simple moving average of $31.08. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a 12-month low of $17.55 and a 12-month high of $39.68. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 0.96 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.