DekaBank Deutsche Girozentrale Has $4.04 Million Stock Holdings in Ameresco, Inc. (NYSE:AMRC)

DekaBank Deutsche Girozentrale boosted its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 78.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 330,355 shares of the utilities provider's stock after acquiring an additional 145,420 shares during the period. DekaBank Deutsche Girozentrale owned 0.63% of Ameresco worth $4,043,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its position in shares of Ameresco by 124.4% in the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider's stock worth $19,682,000 after purchasing an additional 464,737 shares during the last quarter. DnB Asset Management AS boosted its holdings in Ameresco by 59.6% during the fourth quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider's stock worth $14,403,000 after buying an additional 229,128 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ameresco by 22.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider's stock worth $27,230,000 after buying an additional 214,918 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Ameresco by 731.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 230,705 shares of the utilities provider's stock worth $2,787,000 after buying an additional 202,970 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Ameresco by 87.7% in the 4th quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider's stock valued at $9,888,000 after acquiring an additional 196,776 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Price Performance

Shares of NYSE AMRC opened at $17.92 on Friday. The company has a fifty day moving average price of $15.02 and a 200 day moving average price of $15.93. The firm has a market cap of $941.52 million, a PE ratio of 17.57, a PEG ratio of 0.85 and a beta of 2.22. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.50. Ameresco, Inc. has a 1-year low of $8.49 and a 1-year high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The utilities provider reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.15. Ameresco had a return on equity of 6.32% and a net margin of 2.97%. The company had revenue of $352.83 million during the quarter, compared to analysts' expectations of $323.71 million. During the same period in the prior year, the firm earned ($0.10) earnings per share. Ameresco's revenue for the quarter was up 18.2% compared to the same quarter last year. Research analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Ameresco from a "hold" rating to a "sell" rating in a research note on Saturday. Robert W. Baird reissued a "neutral" rating and set a $13.00 price target (down from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. Piper Sandler set a $21.00 price objective on shares of Ameresco and gave the company an "overweight" rating in a research report on Tuesday, May 6th. UBS Group reiterated a "sell" rating and set a $11.00 target price on shares of Ameresco in a report on Tuesday, June 3rd. Finally, Baird R W downgraded Ameresco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Ameresco has an average rating of "Hold" and an average price target of $20.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.