Ameresco, Inc. $AMRC Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,265 shares of the utilities provider’s stock after buying an additional 1,730 shares during the period. Deutsche Bank AG owned 0.07% of Ameresco worth $426,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Ameresco by 132.0% during the 1st quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider’s stock valued at $97,000 after acquiring an additional 4,557 shares in the last quarter. JCP Investment Management LLC increased its stake in shares of Ameresco by 55.6% in the first quarter. JCP Investment Management LLC now owns 14,000 shares of the utilities provider’s stock valued at $169,000 after purchasing an additional 5,000 shares during the period. Lazard Asset Management LLC increased its stake in Ameresco by 145.0% during the 4th quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider’s stock valued at $172,000 after buying an additional 4,362 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Ameresco during the first quarter worth about $180,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Ameresco in the 4th quarter worth $203,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Ameresco Trading Down 2.0%

NYSE AMRC opened at $24.61 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $1.29 billion, a P/E ratio of 21.03, a PEG ratio of 1.25 and a beta of 2.27. The business has a fifty day simple moving average of $18.72 and a 200 day simple moving average of $15.21. Ameresco, Inc. has a 12 month low of $8.49 and a 12 month high of $39.68.

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

Wall Street Analysts Forecast Growth

AMRC has been the topic of a number of research reports. Piper Sandler set a $21.00 price objective on Ameresco and gave the stock an “overweight” rating in a report on Tuesday, May 6th. 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 report on Monday, May 12th. Canaccord Genuity Group increased their price target on Ameresco from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. UBS Group upgraded shares of Ameresco from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $11.00 to $23.00 in a report on Monday, August 18th. Finally, Jefferies Financial Group lifted their target price on Ameresco from $11.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.33.

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.