Ameresco, Inc. (NYSE:AMRC) Stake Lifted by Capital Impact Advisors LLC

Capital Impact Advisors LLC increased its stake in shares of Ameresco, Inc. (NYSE:AMRC – Get Rating) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,833 shares of the utilities provider’s stock after buying an additional 530 shares during the quarter. Ameresco comprises approximately 0.8% of Capital Impact Advisors LLC’s holdings, making the stock its 24th largest position. Capital Impact Advisors LLC’s holdings in Ameresco were worth $804,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AMRC. JPMorgan Chase & Co. grew its stake in shares of Ameresco by 24.8% in the first quarter. JPMorgan Chase & Co. now owns 89,815 shares of the utilities provider’s stock worth $7,141,000 after purchasing an additional 17,857 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Ameresco by 58.9% in the first quarter. MetLife Investment Management LLC now owns 15,991 shares of the utilities provider’s stock worth $1,271,000 after purchasing an additional 5,927 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Ameresco by 6.8% in the first quarter. Rhumbline Advisers now owns 32,223 shares of the utilities provider’s stock worth $2,562,000 after purchasing an additional 2,055 shares in the last quarter. BlackRock Inc. grew its stake in shares of Ameresco by 3.2% in the first quarter. BlackRock Inc. now owns 2,355,254 shares of the utilities provider’s stock worth $187,241,000 after purchasing an additional 72,667 shares in the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of Ameresco by 5.1% in the first quarter. Cibc World Market Inc. now owns 8,278 shares of the utilities provider’s stock worth $658,000 after purchasing an additional 399 shares in the last quarter. 57.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AMRC shares. Roth Mkm raised Ameresco from a “sell” rating to a “neutral” rating and set a $44.00 price target for the company in a research note on Wednesday, March 1st. Roth Capital upgraded Ameresco from a “sell” rating to a “neutral” rating and set a $44.00 price objective for the company in a report on Wednesday, March 1st. Robert W. Baird cut their price objective on Ameresco from $70.00 to $54.00 and set an “outperform” rating for the company in a report on Tuesday, February 28th. EF Hutton Acquisition Co. I cut their price objective on Ameresco from $86.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, February 28th. Finally, Piper Sandler upgraded Ameresco from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $57.00 to $64.00 in a report on Friday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Ameresco presently has an average rating of “Moderate Buy” and an average target price of $66.79.

Ameresco Trading Up 0.8 %

Shares of NYSE AMRC opened at $44.09 on Friday. Ameresco, Inc. has a 12 month low of $40.73 and a 12 month high of $86.73. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 0.97 and a beta of 1.15. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 0.65. The business has a fifty day simple moving average of $54.83 and a 200-day simple moving average of $60.10.

Ameresco (NYSE:AMRC – Get Rating) last announced its quarterly earnings data on Monday, February 27th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). The business had revenue of $331.73 million during the quarter, compared to analysts’ expectations of $365.63 million. Ameresco had a return on equity of 12.44% and a net margin of 5.20%. The firm’s revenue was down 20.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. Sell-side analysts predict that Ameresco, Inc. will post 1.82 EPS for the current year.

Ameresco Profile

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Ameresco, Inc engages in the provision of energy services, including energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation (DG), and All Other.