Ameresco, Inc. $AMRC Shares Sold by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH has reduced its stake in Ameresco, Inc. by 23.4%, now holding approximately 115,660 shares worth $1,430,000.
• Ameresco reported $0.27 EPS for the last quarter, significantly beating analysts' estimates of $0.06, alongside revenues of $472.28 million which exceeded expectations.
• Wall Street analysts have mixed ratings for Ameresco, with a current consensus rating of "Hold" and a target price averaging $20.33.

Erste Asset Management GmbH decreased its holdings in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 23.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,660 shares of the utilities provider's stock after selling 35,265 shares during the period. Erste Asset Management GmbH owned about 0.22% of Ameresco worth $1,430,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in Ameresco during the first quarter valued at $1,043,000. Allspring Global Investments Holdings LLC increased its stake in Ameresco by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 16,964 shares of the utilities provider's stock valued at $205,000 after purchasing an additional 5,949 shares during the last quarter. Rock Point Advisors LLC increased its stake in Ameresco by 97.7% during the first quarter. Rock Point Advisors LLC now owns 516,971 shares of the utilities provider's stock valued at $6,245,000 after purchasing an additional 255,538 shares during the last quarter. Invesco Ltd. increased its stake in Ameresco by 29.8% during the fourth quarter. Invesco Ltd. now owns 321,982 shares of the utilities provider's stock valued at $7,560,000 after purchasing an additional 73,928 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new stake in Ameresco during the first quarter valued at $250,000. Institutional investors own 99.24% of the company's stock.

Wall Street Analysts Forecast Growth

AMRC has been the subject of several recent research reports. Piper Sandler set a $21.00 target price on shares of Ameresco and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Canaccord Genuity Group boosted their target price on shares of Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Wall Street Zen lowered shares of Ameresco from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. UBS Group upgraded shares of Ameresco from a "sell" rating to a "neutral" rating and upped their price target for the stock from $11.00 to $23.00 in a research report on Monday. Finally, Stifel Nicolaus lowered their price target on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.33.

Ameresco Price Performance

Shares of NYSE AMRC opened at $22.7550 on Friday. Ameresco, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $39.68. The firm's 50-day simple moving average is $18.03 and its 200 day simple moving average is $15.09. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.55. The stock has a market cap of $1.20 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.13 and a beta of 2.27.

Ameresco (NYSE:AMRC - Get Free Report) last announced its earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.21. The firm had revenue of $472.28 million during 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%. Ameresco's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Equities analysts expect that Ameresco, Inc. will post 1.15 EPS for the current 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.

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