Invesco Ltd. Buys 64,628 Shares of Ameresco, Inc. $AMRC

Key Points

• Invesco Ltd. increased its stake in Ameresco, Inc. by 20.1% during the first quarter, now holding approximately 0.74% of the company, valued at about $4.67 million.
• Ameresco reported earnings of $0.27 per share for the last quarter, exceeding analysts' expectations by $0.21, and noted a 7.8% increase in revenue year-over-year.
• Institutional investors hold 99.24% of Ameresco's stock, with several hedge funds significantly increasing their positions in the company during Q1.

Invesco Ltd. increased its stake in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 20.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,610 shares of the utilities provider's stock after buying an additional 64,628 shares during the quarter. Invesco Ltd. owned about 0.74% of Ameresco worth $4,670,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMRC. Headlands Technologies LLC acquired a new stake in Ameresco during the first quarter worth approximately $40,000. GAMMA Investing LLC grew its position in Ameresco by 132.0% during the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock worth $97,000 after buying an additional 4,557 shares in the last quarter. JCP Investment Management LLC grew its position in Ameresco by 55.6% during the first quarter. JCP Investment Management LLC now owns 14,000 shares of the utilities provider's stock worth $169,000 after buying an additional 5,000 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 4,362 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ameresco in the 1st quarter valued at $180,000. Institutional investors and hedge funds own 99.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AMRC shares. Jefferies Financial Group raised their target price on Ameresco from $11.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, July 23rd. Robert W. Baird raised Ameresco from a "neutral" rating to an "outperform" rating and raised their target price for the company from $23.00 to $35.00 in a report on Tuesday. Stifel Nicolaus reduced their target price on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Wall Street Zen raised Ameresco from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Piper Sandler set a $21.00 target price on Ameresco and gave the company an "overweight" rating in a report on Tuesday, May 6th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Ameresco Price Performance

Shares of AMRC traded up $0.10 during trading hours on Tuesday, reaching $25.53. The stock had a trading volume of 642,837 shares, compared to its average volume of 753,245. Ameresco, Inc. has a 12 month low of $8.49 and a 12 month high of $39.68. The stock has a market capitalization of $1.34 billion, a PE ratio of 21.82, a PEG ratio of 1.27 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 company's 50-day moving average is $19.54 and its two-hundred day moving average is $15.34.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The utilities provider reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.21. The company had revenue of $472.28 million during the quarter, compared to analysts' expectations of $415.30 million. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.Ameresco's revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Research analysts expect that Ameresco, Inc. will post 1.15 EPS for the current 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.