Franklin Resources Inc. Invests $327,000 in Ameresco, Inc. $AMRC

Franklin Resources Inc. purchased a new position in shares of Ameresco, Inc. (NYSE:AMRC) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 21,521 shares of the utilities provider’s stock, valued at approximately $327,000.

Other hedge funds also recently bought and sold shares of the company. DNB Asset Management AS grew its holdings in shares of Ameresco by 3.8% during the second quarter. DNB Asset Management AS now owns 1,189,714 shares of the utilities provider’s stock worth $18,072,000 after buying an additional 43,411 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Ameresco by 12.8% during the 1st quarter. Wellington Management Group LLP now owns 1,100,116 shares of the utilities provider’s stock worth $13,289,000 after buying an additional 125,030 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Ameresco by 33.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 753,807 shares of the utilities provider’s stock worth $11,450,000 after purchasing an additional 187,380 shares during the period. Bandera Partners LLC raised its holdings in Ameresco by 125.2% in the first quarter. Bandera Partners LLC now owns 734,355 shares of the utilities provider’s stock valued at $8,871,000 after buying an additional 408,257 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Ameresco by 14.3% in the 2nd quarter. Legal & General Group Plc now owns 679,355 shares of the utilities provider’s stock valued at $10,319,000 after acquiring an additional 84,960 shares during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Stock Down 0.8%

AMRC opened at $32.24 on Wednesday. Ameresco, Inc. has a one year low of $8.49 and a one year high of $44.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.50 and a current ratio of 1.51. The company has a market capitalization of $1.70 billion, a PE ratio of 27.09, a P/E/G ratio of 1.58 and a beta of 2.51. The stock’s fifty day moving average is $36.59 and its 200-day moving average is $26.26.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.09. The company 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 business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, equities analysts predict that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group raised their target price on Ameresco from $23.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Roth Capital restated a “buy” rating on shares of Ameresco in a research note on Wednesday, December 3rd. Baird R W upgraded Ameresco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 2nd. Stifel Nicolaus increased their price objective on shares of Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Finally, Jefferies Financial Group set a $45.00 target price on Ameresco and gave the company a “buy” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.70.

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.