Ameresco, Inc. $AMRC Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,746 shares of the utilities provider’s stock after purchasing an additional 2,433 shares during the period. Russell Investments Group Ltd. owned approximately 0.24% of Ameresco worth $1,531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMRC. Headlands Technologies LLC acquired a new stake in Ameresco during the first quarter valued at approximately $40,000. GAMMA Investing LLC lifted its stake in Ameresco by 132.0% during the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider’s stock valued at $97,000 after purchasing an additional 4,557 shares during the last quarter. JCP Investment Management LLC lifted its stake in Ameresco by 55.6% during 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 last quarter. Lazard Asset Management LLC lifted its stake in Ameresco by 145.0% during the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider’s stock valued at $172,000 after purchasing an additional 4,362 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Ameresco in the 1st quarter valued at approximately $180,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on AMRC. Jefferies Financial Group upped their price target on shares of Ameresco from $11.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, July 23rd. Piper Sandler set a $21.00 price target on shares of Ameresco and gave the company an “overweight” rating in a research report on Tuesday, May 6th. Canaccord Genuity Group upped their price target on shares of Ameresco from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Wall Street Zen downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a research report on Saturday, July 12th. Finally, UBS Group upgraded shares of Ameresco from a “sell” rating to a “neutral” rating and upped their price target for the company from $11.00 to $23.00 in a research report on Monday, August 18th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.33.

Ameresco Stock Down 2.0%

Ameresco stock opened at $24.61 on Thursday. The firm has a market cap of $1.29 billion, a PE ratio of 21.03, a P/E/G ratio of 1.25 and a beta of 2.27. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.54 and a current ratio of 1.56. The firm’s 50 day moving average price is $18.72 and its two-hundred day moving average price is $15.21. Ameresco, Inc. has a twelve month low of $8.49 and a twelve month high of $39.68.

Ameresco (NYSE:AMRC) last released its quarterly earnings data 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 firm had revenue of $472.28 million for the quarter, compared to analyst estimates of $415.30 million. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, research analysts predict 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.