Ameresco, Inc. $AMRC Shares Purchased by Vanguard Capital Wealth Advisors

Key Points

• Vanguard Capital Wealth Advisors increased its holdings in Ameresco, Inc. by 105.7%, owning 36,000 shares valued at approximately $547,000.
• Analysts have recently revised their price targets for Ameresco, with estimates ranging from $19.00 to $32.00, indicating a consensus target price of $25.14.
• Ameresco reported a significant earnings per share of $0.27 for the last quarter, exceeding expectations, alongside revenue of $472.28 million, a 7.8% increase year-over-year.

Vanguard Capital Wealth Advisors increased its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 105.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,000 shares of the utilities provider's stock after purchasing an additional 18,500 shares during the period. Vanguard Capital Wealth Advisors owned approximately 0.07% of Ameresco worth $547,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in Ameresco during the 1st quarter valued at about $40,000. GAMMA Investing LLC increased its holdings in Ameresco by 132.0% in the 1st quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock worth $97,000 after acquiring an additional 4,557 shares in the last quarter. AlphaQuest LLC purchased a new stake in Ameresco in the 1st quarter worth approximately $114,000. Advisors Asset Management Inc. grew its holdings in Ameresco by 57.4% during the 1st quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider's stock valued at $118,000 after buying an additional 3,554 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in Ameresco during the 1st quarter valued at approximately $121,000. Institutional investors own 99.24% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Baird R W upgraded Ameresco from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. Jefferies Financial Group raised their price target on Ameresco from $11.00 to $19.00 and gave the company a "hold" rating in a research note on Wednesday, July 23rd. UBS Group upgraded Ameresco from a "sell" rating to a "neutral" rating and lifted their target price for the company from $11.00 to $23.00 in a research note on Monday, August 18th. B. Riley raised their price target on Ameresco from $22.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Finally, Robert W. Baird raised Ameresco from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $23.00 to $35.00 in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.14.

Ameresco Price Performance

NYSE AMRC traded down $0.28 during mid-day trading on Friday, hitting $30.99. The stock had a trading volume of 1,460,087 shares, compared to its average volume of 630,880. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54. The firm's 50 day moving average is $22.46 and its 200 day moving average is $16.40. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 1.54 and a beta of 2.25. Ameresco, Inc. has a twelve month low of $8.49 and a twelve month high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last issued its earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.21. The company had revenue of $472.28 million during the quarter, compared to analysts' expectations of $415.30 million. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The firm's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Equities research 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.