Vanguard Group Inc. Has $31.90 Million Stock Holdings in Ameresco, Inc. $AMRC

Key Points

• Vanguard Group Inc. has reduced its stake in Ameresco, Inc. by 17.1%, selling 543,835 shares and leaving it with approximately 5.03% of the company's stock valued at about $31.9 million.
• Despite Vanguard's reduction, other institutional investors, like Wells Fargo and Barclays, have increased their holdings in Ameresco, indicating ongoing interest in the company, which is largely driven by 99.24% institutional ownership.
• Ameresco has experienced a positive earnings report, beating estimates with an EPS of $0.27 for its last quarter, while also providing fiscal year 2025 guidance of $0.700-0.900 EPS.

Vanguard Group Inc. lowered its holdings in Ameresco, Inc. (NYSE:AMRC - Free Report) by 17.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,640,429 shares of the utilities provider's stock after selling 543,835 shares during the quarter. Vanguard Group Inc. owned about 5.03% of Ameresco worth $31,896,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in shares of Ameresco by 22.1% during the fourth quarter. Wells Fargo & Company MN now owns 42,338 shares of the utilities provider's stock valued at $994,000 after acquiring an additional 7,666 shares during the period. Barclays PLC increased its holdings in Ameresco by 9.6% in the fourth quarter. Barclays PLC now owns 64,941 shares of the utilities provider's stock valued at $1,525,000 after purchasing an additional 5,693 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Ameresco by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider's stock valued at $27,230,000 after purchasing an additional 214,918 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Ameresco by 10.4% in the fourth quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider's stock valued at $482,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Ameresco by 6.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,273 shares of the utilities provider's stock valued at $711,000 after purchasing an additional 1,967 shares during the last quarter. Institutional investors and hedge funds own 99.24% of the company's stock.

Ameresco Stock Up 0.4%

Shares of NYSE:AMRC traded up $0.10 during mid-day trading on Tuesday, reaching $25.53. 642,837 shares of the stock were exchanged, compared to its average volume of 753,245. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.55. The company has a market cap of $1.34 billion, a P/E ratio of 21.82, a P/E/G ratio of 1.27 and a beta of 2.26. Ameresco, Inc. has a one year low of $8.49 and a one year high of $39.68. The stock's 50 day simple moving average is $19.54 and its 200-day simple moving average is $15.34.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.21. The business had revenue of $472.28 million during the quarter, compared to the consensus estimate of $415.30 million. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.Ameresco's quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, equities research analysts predict that Ameresco, Inc. will post 1.15 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on AMRC. Jefferies Financial Group upped their price objective 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 upgraded Ameresco from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $23.00 to $35.00 in a report on Tuesday. Wall Street Zen upgraded Ameresco from a "sell" rating to a "hold" rating in a report on Saturday. Piper Sandler set a $21.00 price target on Ameresco and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Finally, UBS Group upgraded Ameresco from a "sell" rating to a "neutral" rating and increased their price target for the stock from $11.00 to $23.00 in a report on Monday, August 18th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.00.

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.