Inspire Investing LLC Buys 11,611 Shares of Ameresco, Inc. $AMRC

Key Points

• Inspire Investing LLC increased its stake in Ameresco, Inc. by 68.0%, now holding 28,688 shares worth approximately $347,000.
• Several institutional investors have also boosted their positions significantly, with Bandera Partners LLC increasing its stake by 125.2%.
• Analysts have raised target prices for Ameresco, with B. Riley increasing its price target from $22.00 to $32.00 and maintaining a "buy" rating.

Inspire Investing LLC lifted its stake in Ameresco, Inc. (NYSE:AMRC - Free Report) by 68.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,688 shares of the utilities provider's stock after buying an additional 11,611 shares during the quarter. Inspire Investing LLC owned about 0.05% of Ameresco worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in shares of Ameresco by 12.8% in the first quarter. Wellington Management Group LLP now owns 1,100,116 shares of the utilities provider's stock worth $13,289,000 after buying an additional 125,030 shares during the period. Gagnon Securities LLC raised its stake in Ameresco by 69.6% during the 1st quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider's stock valued at $11,700,000 after purchasing an additional 397,326 shares during the period. Bandera Partners LLC raised its stake in Ameresco by 125.2% during the 1st quarter. Bandera Partners LLC now owns 734,355 shares of the utilities provider's stock valued at $8,871,000 after purchasing an additional 408,257 shares during the period. Rock Point Advisors LLC raised its stake in Ameresco by 97.7% during the 1st quarter. Rock Point Advisors LLC now owns 516,971 shares of the utilities provider's stock valued at $6,245,000 after purchasing an additional 255,538 shares during the period. Finally, Gagnon Advisors LLC raised its stake in Ameresco by 73.4% during the 1st quarter. Gagnon Advisors LLC now owns 472,798 shares of the utilities provider's stock valued at $5,711,000 after purchasing an additional 200,104 shares during the period. Institutional investors own 99.24% of the company's stock.

Wall Street Analyst Weigh In

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

Ameresco Stock Performance

NYSE:AMRC opened at $27.35 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54. Ameresco, Inc. has a 1 year low of $8.49 and a 1 year high of $39.68. The stock's 50 day simple moving average is $21.19 and its two-hundred day simple moving average is $15.72. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.37 and a beta of 2.25.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.21. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The business had revenue of $472.28 million for the quarter, compared to the consensus estimate of $415.30 million. During the same quarter in the previous year, the company posted $0.10 EPS. The company's revenue was up 7.8% compared to the same quarter last year. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, equities analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share 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.

Want to see what other hedge funds are holding AMRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameresco, Inc. (NYSE:AMRC - Free Report).

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.