Allspring Global Investments Holdings LLC Trims Stock Holdings in Ameresco, Inc. $AMRC

Allspring Global Investments Holdings LLC lowered its holdings in Ameresco, Inc. (NYSE:AMRC) by 5.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,038 shares of the utilities provider’s stock after selling 926 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ameresco were worth $244,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMRC. Bandera Partners LLC boosted its holdings in Ameresco by 125.2% in the first quarter. Bandera Partners LLC now owns 734,355 shares of the utilities provider’s stock valued at $8,871,000 after purchasing an additional 408,257 shares during the last quarter. Granahan Investment Management LLC boosted its holdings in Ameresco by 3,822.9% in the first quarter. Granahan Investment Management LLC now owns 416,496 shares of the utilities provider’s stock valued at $5,031,000 after purchasing an additional 405,879 shares during the last quarter. Gagnon Securities LLC boosted its holdings in Ameresco by 69.6% in the first quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider’s stock valued at $11,700,000 after purchasing an additional 397,326 shares during the last quarter. CenterBook Partners LP purchased a new position in Ameresco in the first quarter valued at about $3,850,000. Finally, Rock Point Advisors LLC boosted its holdings in Ameresco by 97.7% in the first quarter. Rock Point Advisors LLC now owns 516,971 shares of the utilities provider’s stock valued at $6,245,000 after purchasing an additional 255,538 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Stock Up 7.1%

Shares of Ameresco stock opened at $42.47 on Friday. The business’s fifty day moving average price is $31.88 and its two-hundred day moving average price is $20.94. 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 company has a market capitalization of $2.23 billion, a P/E ratio of 36.30, a PEG ratio of 2.07 and a beta of 2.33. Ameresco, Inc. has a 1-year low of $8.49 and a 1-year high of $44.93.

Ameresco (NYSE:AMRC) last announced its earnings results 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 the consensus estimate of $415.30 million. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, research analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMRC. Jefferies Financial Group raised Ameresco from a “hold” rating to a “buy” rating and increased their target price for the stock from $19.00 to $39.00 in a report on Thursday, September 25th. Robert W. Baird upgraded Ameresco from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $23.00 to $35.00 in a research report on Tuesday, September 2nd. UBS Group upgraded Ameresco from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $11.00 to $23.00 in a research report on Monday, August 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ameresco in a research report on Friday. Finally, Wall Street Zen lowered Ameresco from a “hold” rating to a “sell” rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.67.

Ameresco Company 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.