Vanguard Capital Wealth Advisors Trims Holdings in Ameresco, Inc. $AMRC

Vanguard Capital Wealth Advisors cut its position in shares of Ameresco, Inc. (NYSE:AMRC) by 58.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the utilities provider’s stock after selling 21,000 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Ameresco were worth $504,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ameresco by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider’s stock worth $513,000 after purchasing an additional 884 shares during the period. CoreCap Advisors LLC acquired a new position in Ameresco during the third quarter worth approximately $50,000. Tower Research Capital LLC TRC raised its stake in Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 1,754 shares during the period. Brevan Howard Capital Management LP raised its stake in Ameresco by 16.9% during the second quarter. Brevan Howard Capital Management LP now owns 15,086 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 2,186 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Ameresco in the 3rd quarter valued at $76,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AMRC has been the subject of a number of research analyst reports. Jefferies Financial Group set a $45.00 price objective on Ameresco and gave the stock a “buy” rating in a report on Tuesday, November 4th. Wall Street Zen downgraded Ameresco from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. BNP Paribas Exane upgraded Ameresco to a “hold” rating in a research note on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ameresco in a research note on Monday, December 29th. Finally, B. Riley boosted their target price on Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Ameresco presently has an average rating of “Moderate Buy” and a consensus price target of $37.44.

Ameresco Trading Up 2.7%

Shares of AMRC opened at $32.77 on Friday. The stock’s 50-day moving average is $31.46 and its two-hundred day moving average is $29.51. The stock has a market cap of $1.73 billion, a PE ratio of 27.54, a P/E/G ratio of 1.07 and a beta of 2.50. Ameresco, Inc. has a 12 month low of $8.49 and a 12 month high of $44.93. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.51 and a quick ratio of 1.50.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, November 3rd. The utilities provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.26 by $0.09. The business had revenue of $525.99 million for the quarter, compared to analysts’ expectations of $518.41 million. Ameresco had a net margin of 3.34% and a return on equity of 6.97%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Equities analysts forecast that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Ameresco Company Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.