Ameresco, Inc. $AMRC Position Boosted by Inspire Investing LLC

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 grew its position in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 68.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,688 shares of the utilities provider's stock after buying an additional 11,611 shares during the quarter. Inspire Investing LLC owned 0.05% of Ameresco worth $347,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new position in shares of Ameresco in the 1st quarter valued at about $1,043,000. Allspring Global Investments Holdings LLC increased its holdings in Ameresco by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,964 shares of the utilities provider's stock valued at $205,000 after acquiring an additional 5,949 shares in the last quarter. Rock Point Advisors LLC increased its holdings 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 acquiring an additional 255,538 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of Ameresco during the 1st quarter worth about $250,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Ameresco by 159.8% during the 1st quarter. Victory Capital Management Inc. now owns 117,274 shares of the utilities provider's stock worth $1,417,000 after purchasing an additional 72,137 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company's stock.

Ameresco Stock Performance

Shares of AMRC traded down $0.28 during midday trading on Friday, hitting $30.99. 1,460,087 shares of the stock traded hands, compared to its average volume of 597,235. Ameresco, Inc. has a 1-year low of $8.49 and a 1-year high of $39.68. The firm has a market capitalization of $1.63 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 1.56 and a beta of 2.26. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.54 and a current ratio of 1.56. The business's 50 day moving average price is $22.46 and its two-hundred day moving average price is $16.31.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The utilities provider reported $0.27 EPS for the quarter, topping 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%. Ameresco's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Equities research analysts predict that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AMRC shares. B. Riley raised 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. Wall Street Zen lowered shares of Ameresco from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. UBS Group upgraded shares of Ameresco from a "sell" rating to a "neutral" rating and raised their price target for the company from $11.00 to $23.00 in a report on Monday, August 18th. Jefferies Financial Group raised their price target on shares of Ameresco from $11.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, July 23rd. Finally, Robert W. Baird upgraded shares of Ameresco from a "neutral" rating to an "outperform" rating and raised their price target for the company from $23.00 to $35.00 in a report on Tuesday, September 2nd. One research 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 company. Based on data from MarketBeat, Ameresco currently has a consensus rating of "Moderate Buy" and an average target price of $25.14.

About Ameresco

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.