Vanguard Group Inc. Reduces Position in Ameresco, Inc. $AMRC

Vanguard Group Inc. lessened its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 17.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,640,429 shares of the utilities provider’s stock after selling 543,835 shares during the period. Vanguard Group Inc. owned about 5.03% of Ameresco worth $31,896,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in Ameresco by 22.1% during the fourth quarter. Wells Fargo & Company MN now owns 42,338 shares of the utilities provider’s stock worth $994,000 after buying an additional 7,666 shares during the period. Barclays PLC increased its position in shares of Ameresco by 9.6% in the 4th quarter. Barclays PLC now owns 64,941 shares of the utilities provider’s stock valued at $1,525,000 after acquiring an additional 5,693 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Ameresco by 22.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider’s stock valued at $27,230,000 after acquiring an additional 214,918 shares during the period. MetLife Investment Management LLC increased its position in shares of Ameresco by 10.4% in the 4th quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider’s stock valued at $482,000 after acquiring an additional 1,930 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted 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. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Ameresco from a “hold” rating to a “sell” rating in a research note on Saturday, July 12th. Stifel Nicolaus cut their price objective 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 objective on shares of Ameresco from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. UBS Group upgraded shares of Ameresco from a “sell” rating to a “neutral” rating and raised their price target 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 shares of Ameresco from $11.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Ameresco presently has a consensus rating of “Hold” and a consensus price target of $20.33.

Ameresco Price Performance

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

Ameresco (NYSE:AMRC) last posted its quarterly earnings data 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 net margin of 3.34% and a return on equity of 7.00%. The company had revenue of $472.28 million for the quarter, compared to analyst estimates of $415.30 million. During the same period in the previous year, the business posted $0.10 earnings per share. Ameresco’s quarterly revenue was up 7.8% on a year-over-year basis. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, sell-side analysts predict 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.