Ameresco, Inc. $AMRC Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 29.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,126 shares of the utilities provider’s stock after purchasing an additional 4,630 shares during the period. Intech Investment Management LLC’s holdings in Ameresco were worth $306,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMRC. Inspire Investing LLC boosted its position in Ameresco by 68.0% in the 1st quarter. Inspire Investing LLC now owns 28,688 shares of the utilities provider’s stock valued at $347,000 after buying an additional 11,611 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in Ameresco in the first quarter valued at about $256,000. Algert Global LLC grew its stake in Ameresco by 15.4% during the 1st quarter. Algert Global LLC now owns 193,761 shares of the utilities provider’s stock valued at $2,341,000 after purchasing an additional 25,873 shares in the last quarter. Deutsche Bank AG increased its holdings in Ameresco by 5.2% during the 1st quarter. Deutsche Bank AG now owns 35,265 shares of the utilities provider’s stock worth $426,000 after purchasing an additional 1,730 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Ameresco during the 1st quarter worth approximately $180,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Price Performance

NYSE AMRC opened at $34.71 on Monday. 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 $1.83 billion, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 1.93 and a beta of 2.42. The company has a 50 day simple moving average of $36.51 and a 200-day simple moving average of $25.30. Ameresco, Inc. has a 52-week low of $8.49 and a 52-week high of $44.93.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.09. The business had revenue of $525.99 million during the quarter, compared to analyst estimates of $518.41 million. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. Ameresco’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Equities research analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on AMRC shares. BNP Paribas Exane reaffirmed a “neutral” rating and set a $40.00 target price on shares of Ameresco in a report on Tuesday, October 21st. Robert W. Baird raised shares of Ameresco from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $23.00 to $35.00 in a report on Tuesday, September 2nd. Weiss Ratings raised shares of Ameresco from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, November 25th. Wall Street Zen lowered shares of Ameresco from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Finally, Roth Capital boosted their price objective on shares of Ameresco from $31.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given 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 $36.00.

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.