Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Ameresco, Inc. (NYSE:AMRC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH recently acquired 14,884 shares in Ameresco, Inc., valued at approximately $180,000, during the 1st quarter.
• Analysts have mixed ratings on Ameresco, with a consensus rating of "Hold" and a target price of $18.33, despite some upgrades to "buy" ratings.
• Ameresco reported a strong earnings performance, with $0.27 EPS beating expectations and revenue of $472.28 million, marking a 7.8% increase year-over-year.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 14,884 shares of the utilities provider's stock, valued at approximately $180,000.

Other hedge funds also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in Ameresco during the 4th quarter worth about $146,000. LPL Financial LLC lifted its holdings in Ameresco by 11.4% during the 4th quarter. LPL Financial LLC now owns 67,261 shares of the utilities provider's stock worth $1,551,000 after buying an additional 6,872 shares during the period. Vanguard Group Inc. lifted its holdings in Ameresco by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider's stock worth $74,767,000 after buying an additional 37,359 shares during the period. Norges Bank acquired a new position in Ameresco during the 4th quarter worth about $1,699,000. Finally, Geode Capital Management LLC lifted its holdings in Ameresco by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 758,952 shares of the utilities provider's stock worth $17,825,000 after buying an additional 4,177 shares during the period. Institutional investors and hedge funds own 99.24% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Canaccord Genuity Group lifted their price objective on Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Baird R W downgraded Ameresco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Piper Sandler set a $21.00 price objective on Ameresco and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Robert W. Baird reissued a "neutral" rating and issued a $13.00 price objective (down from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. Finally, Stifel Nicolaus dropped their price objective on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $18.33.

Ameresco Stock Performance

Shares of Ameresco stock opened at $25.03 on Wednesday. Ameresco, Inc. has a one year low of $8.49 and a one year high of $39.68. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 0.79 and a beta of 2.27. The business has a 50-day simple moving average of $16.57 and a 200 day simple moving average of $15.16. 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 (NYSE:AMRC - Get Free Report) last issued its 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. Ameresco had a return on equity of 7.09% and a net margin of 3.34%. The business had revenue of $472.28 million during the quarter, compared to analyst estimates of $415.30 million. During the same period in the previous year, the company posted $0.10 EPS. The firm's revenue was up 7.8% compared to the same quarter last year. On average, research 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.

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