Ameresco, Inc. (NYSE:AMRC) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 78.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 330,355 shares of the utilities provider's stock after purchasing an additional 145,420 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.63% of Ameresco worth $4,043,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Ameresco by 132.0% in the 1st quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock worth $97,000 after acquiring an additional 4,557 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Ameresco during the 4th quarter worth $146,000. Lazard Asset Management LLC raised its position in Ameresco by 145.0% during the 4th quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock valued at $172,000 after purchasing an additional 4,362 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Ameresco in the 4th quarter worth $203,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Ameresco by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,964 shares of the utilities provider's stock worth $205,000 after buying an additional 5,949 shares in the last quarter. Institutional investors own 99.24% of the company's stock.

Ameresco Stock Down 0.4%

Shares of AMRC stock traded down $0.07 during trading hours on Wednesday, reaching $18.27. 1,388,150 shares of the company's stock were exchanged, compared to its average volume of 648,004. Ameresco, Inc. has a 1 year low of $8.49 and a 1 year high of $39.68. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.50. The stock has a market cap of $960.01 million, a PE ratio of 17.91, a PEG ratio of 0.88 and a beta of 2.22. The stock's fifty day moving average price is $15.27 and its two-hundred day moving average price is $15.87.

Ameresco (NYSE:AMRC - Get Free Report) last released its earnings results 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 net margin of 2.97% and a return on equity of 6.32%. The company had revenue of $352.83 million for the quarter, compared to the consensus estimate of $323.71 million. During the same quarter in the previous year, the firm earned ($0.10) EPS. Ameresco's revenue was up 18.2% compared to the same quarter last year. Research analysts predict that Ameresco, Inc. will post 1.15 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Canaccord Genuity Group boosted their price objective on shares of Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Piper Sandler set a $21.00 price objective on Ameresco and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Baird R W lowered Ameresco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. UBS Group reiterated a "sell" rating and issued a $11.00 target price on shares of Ameresco in a report on Tuesday, June 3rd. Finally, Robert W. Baird restated a "neutral" rating and issued a $13.00 price target (down from $25.00) on shares of Ameresco 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 stock. Based on data from MarketBeat, Ameresco presently has an average rating of "Hold" and a consensus target price of $20.67.

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.