80,000 Shares in Ameresco, Inc. (NYSE:AMRC) Purchased by Royce & Associates LP

Key Points

• Royce & Associates LP has invested approximately $966,000 in Ameresco, Inc., acquiring 80,000 shares, representing 0.15% of the company's stock.
• A number of other institutional investors have also increased their stakes in Ameresco, leading to institutional ownership of 99.24% of the company's shares.
• Ameresco reported quarterly earnings with a net margin of 2.97% and revenue of $352.83 million, surpassing analyst expectations by 18.2% compared to the same quarter last year.

Royce & Associates LP acquired a new position in Ameresco, Inc. (NYSE:AMRC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 80,000 shares of the utilities provider's stock, valued at approximately $966,000. Royce & Associates LP owned approximately 0.15% of Ameresco at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMRC. American Century Companies Inc. boosted its position in shares of Ameresco by 9.4% during the fourth quarter. American Century Companies Inc. now owns 752,375 shares of the utilities provider's stock worth $17,666,000 after acquiring an additional 64,764 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Ameresco during the fourth quarter worth $146,000. LPL Financial LLC boosted its position in shares of Ameresco by 11.4% during the fourth quarter. LPL Financial LLC now owns 67,261 shares of the utilities provider's stock worth $1,551,000 after acquiring an additional 6,872 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Ameresco by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider's stock worth $74,767,000 after acquiring an additional 37,359 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Ameresco during the fourth quarter worth $1,699,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on AMRC. Baird R W lowered shares of Ameresco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Stifel Nicolaus reduced their target price on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Robert W. Baird restated a "neutral" rating and issued a $13.00 target price (down from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. Wall Street Zen downgraded shares of Ameresco from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Finally, Piper Sandler set a $21.00 target price on shares of Ameresco and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $18.33.

Ameresco Trading Down 4.9%

Shares of Ameresco stock traded down $0.84 during trading on Friday, hitting $16.09. The stock had a trading volume of 238,868 shares, compared to its average volume of 657,257. The firm's fifty day simple moving average is $16.24 and its 200-day simple moving average is $15.31. The stock has a market cap of $845.11 million, a PE ratio of 15.76, a PEG ratio of 0.79 and a beta of 2.22. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.57 and a quick ratio of 1.56. Ameresco, Inc. has a 12 month low of $8.49 and a 12 month high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last released its earnings results on Monday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.15. The firm had revenue of $352.83 million during the quarter, compared to analyst estimates of $323.71 million. Ameresco had a net margin of 2.97% and a return on equity of 6.32%. The business's revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) EPS. As a group, sell-side analysts expect that Ameresco, Inc. will post 1.15 EPS 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.