Invesco Ltd. Increases Stake in Ameresco, Inc. $AMRC

Invesco Ltd. lifted its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 20.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 386,610 shares of the utilities provider’s stock after buying an additional 64,628 shares during the quarter. Invesco Ltd. owned about 0.74% of Ameresco worth $4,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in Ameresco in the first quarter worth about $1,043,000. Allspring Global Investments Holdings LLC lifted its position in Ameresco by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 16,964 shares of the utilities provider’s stock valued at $205,000 after purchasing an additional 5,949 shares during the period. Rock Point Advisors LLC raised its position in Ameresco by 97.7% in the first quarter. Rock Point Advisors LLC now owns 516,971 shares of the utilities provider’s stock worth $6,245,000 after acquiring an additional 255,538 shares during the period. Dynamic Advisor Solutions LLC bought a new position in Ameresco in the first quarter worth approximately $250,000. Finally, Victory Capital Management Inc. raised its position in Ameresco by 159.8% in the first quarter. Victory Capital Management Inc. now owns 117,274 shares of the utilities provider’s stock worth $1,417,000 after acquiring an additional 72,137 shares during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Price Performance

Ameresco stock opened at $24.61 on Thursday. Ameresco, Inc. has a 52-week low of $8.49 and a 52-week high of $39.68. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.25 and a beta of 2.27. The company has a fifty day simple moving average of $18.72 and a 200-day simple moving average of $15.21. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.55.

Ameresco (NYSE:AMRC) last released its earnings results 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. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The business had revenue of $472.28 million during the quarter, compared to analyst estimates of $415.30 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, equities analysts anticipate that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMRC. Stifel Nicolaus reduced their price objective on shares of Ameresco from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, May 12th. UBS Group raised shares of Ameresco from a “sell” rating to a “neutral” rating and raised their target price for the company from $11.00 to $23.00 in a research note on Monday, August 18th. Canaccord Genuity Group increased their price objective 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. Piper Sandler set a $21.00 price objective on shares of Ameresco and gave the company an “overweight” rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group raised their target price on shares of Ameresco from $11.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Ameresco currently has a consensus rating of “Hold” and an average price target of $20.33.

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.