Raiffeisen Bank International AG Makes New Investment in Ameresco, Inc. $AMRC

Raiffeisen Bank International AG bought a new stake in Ameresco, Inc. (NYSE:AMRC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 100,000 shares of the utilities provider’s stock, valued at approximately $2,657,000. Raiffeisen Bank International AG owned about 0.19% of Ameresco at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMRC. Wellington Management Group LLP grew its holdings in shares of Ameresco by 170.0% during the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after purchasing an additional 2,981,689 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Ameresco by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock valued at $36,711,000 after buying an additional 167,068 shares during the last quarter. Royce & Associates LP boosted its position in Ameresco by 10.7% during the 4th quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock worth $31,246,000 after buying an additional 102,782 shares during the period. First Trust Advisors LP grew its holdings in Ameresco by 503.4% during the 4th quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock worth $31,240,000 after acquiring an additional 889,820 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in Ameresco by 5.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock valued at $23,680,000 after acquiring an additional 42,826 shares during the period. 99.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMRC has been the subject of several analyst reports. Zacks Research downgraded shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Canaccord Genuity Group upped their price target on Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. BNP Paribas Exane upgraded Ameresco from a “neutral” rating to an “outperform” rating and upped their price target for the company from $34.00 to $40.00 in a research report on Tuesday, August 4th. Weiss Ratings raised Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Finally, Oppenheimer restated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.89.

Ameresco Price Performance

Shares of NYSE AMRC opened at $23.13 on Friday. Ameresco, Inc. has a twelve month low of $18.38 and a twelve month high of $44.93. The firm has a fifty day simple moving average of $24.07 and a 200 day simple moving average of $27.14. The company has a market capitalization of $1.23 billion, a PE ratio of 44.48, a P/E/G ratio of 1.70 and a beta of 2.63. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The business had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. Ameresco’s revenue for the quarter was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, sell-side analysts forecast that Ameresco, Inc. will post 1.22 EPS for the current year.

Insiders Place Their Bets

In other Ameresco news, CEO George P. Sakellaris bought 5,000 shares of the stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of $20.91 per share, for a total transaction of $104,550.00. Following the completion of the acquisition, the chief executive officer owned 1,000,597 shares in the company, valued at $20,922,483.27. This trade represents a 0.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Joseph W. Sutton purchased 9,700 shares of the company’s stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of $20.87 per share, for a total transaction of $202,439.00. Following the completion of the purchase, the director owned 80,246 shares of the company’s stock, valued at approximately $1,674,734.02. This trade represents a 13.75% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 75,025 shares of company stock valued at $1,778,963 over the last 90 days. 45.10% of the stock is owned by company insiders.

Ameresco 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.