DekaBank Deutsche Girozentrale Has $2.81 Million Stake in Ameresco, Inc. $AMRC

DekaBank Deutsche Girozentrale decreased its position in shares of Ameresco, Inc. (NYSE:AMRC) by 44.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,935 shares of the utilities provider’s stock after selling 145,420 shares during the period. DekaBank Deutsche Girozentrale owned about 0.35% of Ameresco worth $2,814,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Ameresco during the first quarter worth approximately $40,000. AlphaQuest LLC acquired a new stake in shares of Ameresco during the first quarter worth approximately $114,000. Advisors Asset Management Inc. increased its holdings in shares of Ameresco by 57.4% during the first quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider’s stock worth $118,000 after buying an additional 3,554 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Ameresco in the first quarter valued at approximately $121,000. Finally, Harvest Portfolios Group Inc. increased its holdings in shares of Ameresco by 12.4% in the first quarter. Harvest Portfolios Group Inc. now owns 12,570 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 1,390 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Price Performance

AMRC opened at $42.47 on Friday. The company has a fifty day moving average price of $31.88 and a two-hundred day moving average price of $20.94. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.54 and a current ratio of 1.56. Ameresco, Inc. has a 52 week low of $8.49 and a 52 week high of $44.93. The firm has a market capitalization of $2.23 billion, a PE ratio of 36.30, a P/E/G ratio of 2.07 and a beta of 2.33.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, August 4th. The utilities provider reported $0.27 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 firm had revenue of $472.28 million during the quarter, compared to analyst estimates of $415.30 million. During the same quarter in the previous year, the business earned $0.10 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMRC has been the subject of a number of research reports. Jefferies Financial Group raised shares of Ameresco from a “hold” rating to a “buy” rating and raised their price target for the company from $19.00 to $39.00 in a report on Thursday, September 25th. BNP Paribas Exane reissued a “neutral” rating and issued a $40.00 price target on shares of Ameresco in a report on Tuesday, October 21st. Baird R W raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. B. Riley raised their price target on shares of Ameresco from $22.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Wall Street Zen lowered shares of Ameresco from a “hold” rating to a “sell” rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

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.