Dynamic Technology Lab Private Ltd Takes Position in Ameresco, Inc. $AMRC

Dynamic Technology Lab Private Ltd purchased a new stake in Ameresco, Inc. (NYSE:AMRC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 27,608 shares of the utilities provider’s stock, valued at approximately $419,000.

A number of other institutional investors also recently modified their holdings of the business. Victory Capital Management Inc. grew its stake in Ameresco by 159.8% in the 1st quarter. Victory Capital Management Inc. now owns 117,274 shares of the utilities provider’s stock valued at $1,417,000 after buying an additional 72,137 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ameresco in the first quarter worth $180,000. Royce & Associates LP purchased a new position in shares of Ameresco in the first quarter valued at $966,000. Jupiter Asset Management Ltd. bought a new stake in shares of Ameresco during the 1st quarter valued at $256,000. Finally, JCP Investment Management LLC raised its stake in shares of Ameresco by 55.6% during the 1st quarter. JCP Investment Management LLC now owns 14,000 shares of the utilities provider’s stock valued at $169,000 after purchasing an additional 5,000 shares during the period. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMRC has been the subject of several analyst reports. Robert W. Baird upgraded Ameresco from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $23.00 to $35.00 in a research note on Tuesday, September 2nd. UBS Group upgraded shares of Ameresco from a “sell” rating to a “neutral” rating and raised their price objective for the company from $11.00 to $23.00 in a research report on Monday, August 18th. Wall Street Zen cut shares of Ameresco from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ameresco in a research note on Wednesday, November 19th. Finally, Jefferies Financial Group set a $45.00 price target on shares of Ameresco and gave the company a “buy” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.00.

Ameresco Stock Up 3.7%

AMRC stock opened at $32.60 on Tuesday. The company’s 50 day moving average is $36.16 and its 200 day moving average is $24.73. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 1.93 and a beta of 2.42. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 1.55. Ameresco, Inc. has a 1-year low of $8.49 and a 1-year high of $44.93.

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