Algert Global LLC Boosts Stock Holdings in Ameresco, Inc. $AMRC

Key Points

• Algert Global LLC increased its stake in Ameresco, Inc. by 15.4%, bringing its holdings to 193,761 shares valued at approximately $2.34 million.
• Ameresco reported $0.27 EPS for the last quarter, significantly beating analysts' estimate of $0.06, with revenues of $472.28 million, up 7.8% year-over-year.
• Institutional investors own 99.24% of Ameresco's stock, with recent price target adjustments ranging from $17.00 to $29.00 from multiple analysts.

Algert Global LLC raised its holdings in Ameresco, Inc. (NYSE:AMRC - Free Report) by 15.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 193,761 shares of the utilities provider's stock after buying an additional 25,873 shares during the period. Algert Global LLC owned about 0.37% of Ameresco worth $2,341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in AMRC. Headlands Technologies LLC bought a new position in shares of Ameresco in the first quarter valued at $40,000. GAMMA Investing LLC lifted its stake in shares of Ameresco by 132.0% in the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock valued at $97,000 after buying an additional 4,557 shares in the last quarter. JCP Investment Management LLC lifted its stake in shares of Ameresco by 55.6% in the first quarter. JCP Investment Management LLC now owns 14,000 shares of the utilities provider's stock valued at $169,000 after buying an additional 5,000 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Ameresco by 145.0% in the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock valued at $172,000 after buying an additional 4,362 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ameresco during the first quarter valued at about $180,000. 99.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMRC. UBS Group raised shares of Ameresco from a "sell" rating to a "neutral" rating and raised their price target for the company from $11.00 to $23.00 in a research report on Monday, August 18th. Canaccord Genuity Group raised their price target on shares of Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Jefferies Financial Group raised their price target on shares of Ameresco from $11.00 to $19.00 and gave the company a "hold" rating in a research report on Wednesday, July 23rd. Stifel Nicolaus dropped their price target on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Wall Street Zen lowered shares of Ameresco from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $20.33.

Ameresco Stock Performance

AMRC stock traded down $0.49 during mid-day trading on Wednesday, hitting $24.61. The company had a trading volume of 601,846 shares, compared to its average volume of 799,371. The firm has a market cap of $1.29 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.25 and a beta of 2.27. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.54 and a current ratio of 1.56. Ameresco, Inc. has a 12 month low of $8.49 and a 12 month high of $39.68. The stock's fifty day moving average price is $18.72 and its two-hundred day moving average price is $15.21.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.06 by $0.21. The business had revenue of $472.28 million for the quarter, compared to analyst estimates of $415.30 million. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, analysts forecast that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

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.