Erste Asset Management GmbH Decreases Stake in Ameresco, Inc. $AMRC

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its position in shares of Ameresco by 124.4% in the fourth quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider's stock worth $19,682,000 after buying an additional 464,737 shares during the last quarter. Bandera Partners LLC increased its position in shares of Ameresco by 125.2% in the 1st quarter. Bandera Partners LLC now owns 734,355 shares of the utilities provider's stock valued at $8,871,000 after buying an additional 408,257 shares in the last quarter. Gagnon Securities LLC increased its holdings in Ameresco by 69.6% during the 1st quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider's stock worth $11,700,000 after purchasing an additional 397,326 shares in the last quarter. CenterBook Partners LP acquired a new stake in Ameresco in the 1st quarter valued at about $3,850,000. Finally, Rock Point Advisors LLC increased its holdings in shares of Ameresco by 97.7% during the first quarter. Rock Point Advisors LLC now owns 516,971 shares of the utilities provider's stock worth $6,245,000 after purchasing an additional 255,538 shares during the period. 99.24% of the stock is owned by institutional investors.

Ameresco Stock Performance

Shares of Ameresco stock traded down $0.24 during midday trading on Wednesday, hitting $24.86. The company had a trading volume of 105,234 shares, compared to its average volume of 675,117. Ameresco, Inc. has a 12-month low of $8.49 and a 12-month high of $39.68. 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 $1.31 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 1.24 and a beta of 2.27. The company has a fifty day simple moving average of $18.54 and a 200 day simple moving average of $15.14.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on AMRC. Jefferies Financial Group boosted their target price on shares of Ameresco from $11.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, July 23rd. Stifel Nicolaus decreased their price target on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, May 12th. UBS Group upgraded shares of Ameresco from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $11.00 to $23.00 in a research report on Monday, August 18th. Piper Sandler set a $21.00 price target on shares of Ameresco and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen cut shares of Ameresco from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $20.33.

Ameresco Company 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.