Fuller & Thaler Asset Management Inc. Acquires New Stake 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. acquired a new stake in Ameresco, Inc. (NYSE:AMRC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 42,730 shares of the utilities provider's stock, valued at approximately $516,000. Fuller & Thaler Asset Management Inc. owned about 0.08% of Ameresco as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Headlands Technologies LLC bought a new position in shares of Ameresco in the first quarter worth about $40,000. Lazard Asset Management LLC boosted its position in Ameresco by 145.0% in the 4th quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock valued at $172,000 after buying an additional 4,362 shares during the period. 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. Schonfeld Strategic Advisors LLC purchased a new position in shares of Ameresco during the fourth quarter worth approximately $203,000. Finally, JCP Investment Management LLC bought a new stake in shares of Ameresco during the fourth quarter valued at approximately $211,000. 99.24% of the stock is currently owned by institutional investors.

Ameresco Price Performance

AMRC opened at $22.5580 on Thursday. The firm has a market capitalization of $1.19 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.12 and a beta of 2.27. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54. The business's 50-day moving average is $17.89 and its two-hundred day moving average is $15.08. 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 released its quarterly 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. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The business had revenue of $472.28 million during the quarter, compared to analyst estimates of $415.30 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The company's quarterly revenue 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 fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Jefferies Financial Group increased their price objective on 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 raised their price target on Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Piper Sandler set a $21.00 price objective on Ameresco and gave the company an "overweight" rating in a report on Tuesday, May 6th. Wall Street Zen cut shares of Ameresco from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Finally, Stifel Nicolaus cut their target price on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Ameresco has an average rating of "Hold" and a consensus target price of $20.33.

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.

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