Charles Schwab Investment Management Inc. Decreases Position in Ameresco, Inc. $AMRC

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Ameresco, Inc. by 17.3%, selling 47,738 shares in the first quarter and now owns approximately 0.43% of the company.
• Several large investors increased their positions in Ameresco, with Rock Point Advisors LLC raising its stake by 97.7% during the same period.
• Ameresco recently reported earnings of $0.27 per share, beating estimates and generating $472.28 million in revenue for the quarter, representing a 7.8% year-over-year increase.

Charles Schwab Investment Management Inc. cut its holdings in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 17.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 228,222 shares of the utilities provider's stock after selling 47,738 shares during the period. Charles Schwab Investment Management Inc. owned 0.43% of Ameresco worth $2,757,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Ameresco by 132.0% during the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock worth $97,000 after purchasing an additional 4,557 shares in the last quarter. JCP Investment Management LLC increased its position in shares of Ameresco by 55.6% during the first quarter. JCP Investment Management LLC now owns 14,000 shares of the utilities provider's stock worth $169,000 after purchasing an additional 5,000 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Ameresco by 145.0% during the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock worth $172,000 after purchasing an additional 4,362 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Ameresco during the first quarter worth $180,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Ameresco in the 4th quarter valued at $203,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMRC shares. Wall Street Zen raised Ameresco from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Baird R W raised Ameresco from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Stifel Nicolaus cut their target price on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Robert W. Baird raised Ameresco from a "neutral" rating to an "outperform" rating and upped their target price for the company from $23.00 to $35.00 in a research report on Tuesday. Finally, UBS Group raised Ameresco from a "sell" rating to a "neutral" rating and upped their target price for the company from $11.00 to $23.00 in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Ameresco currently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Ameresco Price Performance

Shares of AMRC stock traded up $0.05 during mid-day trading on Thursday, hitting $25.70. 17,048 shares of the stock were exchanged, compared to its average volume of 670,328. The firm has a fifty day moving average of $19.76 and a 200 day moving average of $15.41. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.55. Ameresco, Inc. has a 52-week low of $8.49 and a 52-week high of $39.68. The company has a market cap of $1.35 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.27 and a beta of 2.26.

Ameresco (NYSE:AMRC - Get Free Report) last posted its earnings results 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. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The business had revenue of $472.28 million for the quarter, compared to analyst estimates of $415.30 million. During the same period in the prior year, the company posted $0.10 EPS. The company's revenue for the quarter was up 7.8% on a year-over-year basis. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Research analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share 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.