Quantbot Technologies LP Invests $569,000 in Ameresco, Inc. $AMRC

Key Points

• Quantbot Technologies LP acquired a new position in Ameresco, buying 47,115 shares valued at approximately $569,000, representing 0.09% ownership of the company.
• Several institutional investors have also increased their stakes in Ameresco, with 99.24% of the stock currently owned by such entities.
• Analysts have mixed ratings on Ameresco, with a consensus target price of $20.33 and reports of the stock's recent performance showing a net margin of 3.34% and revenue of $472.28 million for the last quarter.

Quantbot Technologies LP bought a new position in Ameresco, Inc. (NYSE:AMRC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 47,115 shares of the utilities provider's stock, valued at approximately $569,000. Quantbot Technologies LP owned about 0.09% of Ameresco at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ameresco by 1.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider's stock worth $977,000 after acquiring an additional 747 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of Ameresco by 2.2% in the first quarter. Alps Advisors Inc. now owns 50,285 shares of the utilities provider's stock worth $607,000 after acquiring an additional 1,060 shares during the last quarter. Deutsche Bank AG grew its position in shares of Ameresco by 5.2% during the 1st quarter. Deutsche Bank AG now owns 35,265 shares of the utilities provider's stock worth $426,000 after buying an additional 1,730 shares during the period. MetLife Investment Management LLC grew its position in shares of Ameresco by 10.4% during the 4th quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider's stock worth $482,000 after buying an additional 1,930 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Ameresco by 6.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,273 shares of the utilities provider's stock worth $711,000 after buying an additional 1,967 shares during the period. 99.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AMRC shares. Stifel Nicolaus lowered their price target on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, May 12th. UBS Group upgraded shares of Ameresco from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $11.00 to $23.00 in a research report on Monday, August 18th. Piper Sandler set a $21.00 price target on shares of Ameresco and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Jefferies Financial Group lifted their price target on shares of Ameresco from $11.00 to $19.00 and gave the stock a "hold" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of Ameresco from a "sell" rating to a "hold" rating in a research report on Saturday. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $20.33.

Ameresco Stock Up 0.5%

Shares of Ameresco stock traded up $0.13 on Friday, hitting $25.42. The company had a trading volume of 430,329 shares, compared to its average volume of 786,756. The firm has a market capitalization of $1.34 billion, a P/E ratio of 21.73, a P/E/G ratio of 1.27 and a beta of 2.25. Ameresco, Inc. has a twelve month low of $8.49 and a twelve month high of $39.68. 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 stock has a 50-day moving average of $19.11 and a 200-day moving average of $15.22.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 net margin of 3.34% and a return on equity of 7.00%. The business's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Research analysts predict that Ameresco, Inc. will post 1.15 earnings per share 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.