Harbor Capital Advisors Inc. Grows Stock Holdings in Ameresco, Inc. $AMRC

Key Points

• Harbor Capital Advisors Inc. increased its stake in Ameresco, Inc. by 31.4%, acquiring an additional 72,549 shares, which brings its total ownership to 303,254 shares worth approximately $4.6 million.
• Several institutional investors have raised their stakes in Ameresco, with 99.24% of the stock owned by hedge funds and other institutional investors.
• Analysts have upgraded Ameresco's ratings, with consensus price target set at $25.14, following a report of better-than-expected quarterly earnings.

Harbor Capital Advisors Inc. raised its holdings in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 31.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 303,254 shares of the utilities provider's stock after acquiring an additional 72,549 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.58% of Ameresco worth $4,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Ameresco in the first quarter worth $40,000. GAMMA Investing LLC increased its holdings in shares of Ameresco by 132.0% in 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 during the period. AlphaQuest LLC bought a new position in shares of Ameresco in the first quarter worth $114,000. Advisors Asset Management Inc. increased its holdings in shares of Ameresco by 57.4% in the first quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider's stock worth $118,000 after purchasing an additional 3,554 shares during the period. Finally, Walleye Capital LLC bought a new position in shares of Ameresco in the first quarter worth $121,000. Institutional investors own 99.24% of the company's stock.

Ameresco Trading Down 0.9%

Shares of Ameresco stock traded down $0.28 during trading on Friday, reaching $30.99. 1,460,087 shares of the stock were exchanged, compared to its average volume of 678,974. 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 stock's fifty day moving average is $22.20 and its 200 day moving average is $16.16. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 1.45 and a beta of 2.26. 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 earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.21. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The company 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 business posted $0.10 earnings per share. Ameresco'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. As a group, equities research analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMRC has been the subject of several research reports. B. Riley upped their target price on shares of Ameresco from $22.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Robert W. Baird upgraded shares of Ameresco from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $23.00 to $35.00 in a research report on Tuesday, September 2nd. UBS Group upgraded shares of Ameresco from a "sell" rating to a "neutral" rating and upped their target price for the stock from $11.00 to $23.00 in a research report on Monday, August 18th. Wall Street Zen cut shares of Ameresco from a "hold" rating to a "sell" rating in a research report on Sunday, September 7th. Finally, Baird R W raised shares of Ameresco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Ameresco presently has a consensus rating of "Moderate Buy" and an average target price of $25.14.

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.