Fuller & Thaler Asset Management Inc. Invests $516,000 in Ameresco, Inc. $AMRC

Key Points

• Fuller & Thaler Asset Management Inc. has acquired a new stake in Ameresco, Inc., purchasing 42,730 shares valued at approximately $516,000, representing about 0.08% ownership of the company.
• Ameresco's recent quarterly earnings report showed an EPS of $0.27, significantly beating the consensus estimate of $0.06, with revenue of $472.28 million, up 7.8% year-over-year.
• Analysts have mixed ratings for Ameresco, with three rating it as a "Buy" and four as "Hold," while the stock has an average target price of $20.33.

Fuller & Thaler Asset Management Inc. bought a new position in Ameresco, Inc. (NYSE:AMRC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 42,730 shares of the utilities provider's stock, valued at approximately $516,000. Fuller & Thaler Asset Management Inc. owned 0.08% of Ameresco at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMRC. Wells Fargo & Company MN boosted its stake in Ameresco by 22.1% in the 4th quarter. Wells Fargo & Company MN now owns 42,338 shares of the utilities provider's stock worth $994,000 after purchasing an additional 7,666 shares during the period. Invesco Ltd. boosted its stake in Ameresco by 29.8% in the 4th quarter. Invesco Ltd. now owns 321,982 shares of the utilities provider's stock worth $7,560,000 after purchasing an additional 73,928 shares during the period. Barclays PLC boosted its stake in Ameresco by 9.6% in the 4th quarter. Barclays PLC now owns 64,941 shares of the utilities provider's stock worth $1,525,000 after purchasing an additional 5,693 shares during the period. Canada Pension Plan Investment Board acquired a new position in Ameresco in the 4th quarter worth $244,000. Finally, First Trust Advisors LP boosted its stake in 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 period. 99.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMRC shares. Jefferies Financial Group increased their price objective on shares of Ameresco from $11.00 to $19.00 and gave the stock a "hold" rating in a research note on Wednesday, July 23rd. Canaccord Genuity Group increased 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. Wall Street Zen downgraded shares of Ameresco from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Stifel Nicolaus reduced their price objective on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Finally, UBS Group upgraded shares of Ameresco from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $11.00 to $23.00 in a research note on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $20.33.

Ameresco Stock Performance

Shares of AMRC stock traded up $0.73 on Tuesday, reaching $25.51. The stock had a trading volume of 115,945 shares, compared to its average volume of 676,182. 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 firm's 50-day moving average is $18.36 and its two-hundred day moving average is $15.07. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 1.21 and a beta of 2.27. Ameresco, Inc. has a 12 month low of $8.49 and a 12 month high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly 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. The firm had revenue of $472.28 million for 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 was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, research analysts expect that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Ameresco 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.