Ameresco, Inc. $AMRC Shares Sold by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC reduced its stake in Ameresco, Inc. by 20.1%, owning 69,007 shares valued at approximately $1,048,000 as of its latest SEC filing.
• Ameresco reported $0.27 EPS for the latest quarter, significantly surpassing the consensus estimate of $0.06, with revenues of $472.28 million beating expectations of $415.30 million.
• Analysts have mixed ratings on Ameresco, with Baird R W upgrading the stock from "hold" to "strong-buy" and a consensus rating of "Moderate Buy" with an average target price of $28.00.

Janney Montgomery Scott LLC cut its stake in Ameresco, Inc. (NYSE:AMRC - Free Report) by 20.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,007 shares of the utilities provider's stock after selling 17,337 shares during the period. Janney Montgomery Scott LLC owned 0.13% of Ameresco worth $1,048,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in shares of Ameresco during the 1st quarter valued at $40,000. GAMMA Investing LLC boosted its position 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 worth $97,000 after buying an additional 4,557 shares during the period. AlphaQuest LLC acquired a new stake in shares of Ameresco in the first quarter worth $114,000. Advisors Asset Management Inc. boosted its position in Ameresco by 57.4% during the first quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider's stock valued at $118,000 after purchasing an additional 3,554 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Ameresco in the first quarter worth about $121,000. Institutional investors own 99.24% of the company's stock.

Ameresco Stock Up 9.3%

NYSE:AMRC opened at $41.74 on Tuesday. The stock's fifty day moving average price is $28.31 and its two-hundred day moving average price is $19.14. Ameresco, Inc. has a 52-week low of $8.49 and a 52-week high of $44.93. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.54 and a current ratio of 1.56. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 35.68, a P/E/G ratio of 1.86 and a beta of 2.33.

Ameresco (NYSE:AMRC - Get Free Report) last issued its earnings results on Monday, August 4th. The utilities provider reported $0.27 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 net margin of 3.34% and a return on equity of 7.00%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, analysts anticipate that Ameresco, Inc. will post 1.15 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on AMRC. Weiss Ratings reiterated a "hold (c-)" rating on shares of Ameresco in a research note on Wednesday, October 8th. Wall Street Zen lowered Ameresco from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. Baird R W upgraded Ameresco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 2nd. B. Riley boosted their price target on Ameresco from $22.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Finally, Jefferies Financial Group upgraded Ameresco from a "hold" rating to a "buy" rating and boosted their price target for the company from $19.00 to $39.00 in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $28.00.

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.

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