American Century Companies Inc. Decreases Stock Holdings in Ameresco, Inc. $AMRC

Key Points

• American Century Companies Inc. reduced its holdings in Ameresco, Inc. by 21.2%, selling 159,164 shares during the 1st quarter, resulting in a total of 593,211 shares owned.
• Ameresco reported a quarterly earnings per share (EPS) of $0.27, significantly surpassing analysts' expectations, with revenues of $472.28 million, a 7.8% year-over-year increase.
• Analyst ratings vary, with a recent downgrade to a "sell" by Wall Street Zen, while Canaccord Genuity raised the target price to $29.00, indicating mixed sentiments in the market.

American Century Companies Inc. lessened its position in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 21.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 593,211 shares of the utilities provider's stock after selling 159,164 shares during the quarter. American Century Companies Inc. owned about 1.13% of Ameresco worth $7,166,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of Ameresco during the 1st quarter valued at approximately $40,000. GAMMA Investing LLC raised its position in shares of Ameresco by 132.0% during the 1st 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 during the period. JCP Investment Management LLC raised its position in shares of Ameresco by 55.6% during the 1st 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 during the period. Lazard Asset Management LLC raised its position in shares of Ameresco by 145.0% during the 4th 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 during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Ameresco during the 1st quarter valued at approximately $180,000. Hedge funds and other institutional investors own 99.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMRC. UBS Group raised shares of Ameresco from a "sell" rating to a "neutral" rating and lifted their price target for the company from $11.00 to $23.00 in a research report on Monday, August 18th. Canaccord Genuity Group lifted 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. Robert W. Baird upgraded shares of Ameresco from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $23.00 to $35.00 in a report on Tuesday. Piper Sandler set a $21.00 target price on shares of Ameresco and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Wall Street Zen upgraded shares of Ameresco from a "sell" rating to a "hold" rating in a report on Saturday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Ameresco currently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Ameresco Stock Up 0.4%

Shares of NYSE:AMRC traded up $0.10 during trading on Tuesday, hitting $25.53. The company's stock had a trading volume of 642,837 shares, compared to its average volume of 753,245. The company has a market capitalization of $1.34 billion, a PE ratio of 21.82, a P/E/G ratio of 1.27 and a beta of 2.26. The business has a 50 day moving average price of $19.54 and a two-hundred day moving average price of $15.34. Ameresco, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $39.68. 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 (NYSE:AMRC - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.21. The business had revenue of $472.28 million during the quarter, compared to analysts' expectations 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 period in the previous year, the company earned $0.10 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, research analysts expect that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

About Ameresco

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.