Ameresco (NYSE:AMRC) Director Jennifer Miller Sells 10,000 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) Director Jennifer Miller sold 10,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $32.27, for a total transaction of $322,700.00. Following the completion of the sale, the director directly owned 22,111 shares of the company’s stock, valued at approximately $713,521.97. This trade represents a 31.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ameresco Stock Performance

Shares of NYSE AMRC opened at $29.01 on Wednesday. The stock has a market cap of $1.54 billion, a PE ratio of 50.01, a price-to-earnings-growth ratio of 2.58 and a beta of 2.55. The firm has a fifty day moving average price of $27.26 and a 200-day moving average price of $30.36. Ameresco, Inc. has a 1 year low of $12.95 and a 1 year high of $44.93. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.06). The company had revenue of $401.46 million for the quarter, compared to analysts’ expectations of $362.92 million. Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Equities analysts anticipate that Ameresco, Inc. will post 1.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ameresco

Several institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP lifted its position in Ameresco by 170.0% during the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after purchasing an additional 2,981,689 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Ameresco by 13.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock valued at $36,711,000 after purchasing an additional 167,068 shares during the last quarter. Royce & Associates LP lifted its position in Ameresco by 10.7% during the fourth quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock valued at $31,246,000 after purchasing an additional 102,782 shares during the last quarter. First Trust Advisors LP lifted its position in Ameresco by 503.4% during the fourth quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock valued at $31,240,000 after purchasing an additional 889,820 shares during the last quarter. Finally, Granahan Investment Management LLC lifted its position in Ameresco by 108.4% during the third quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock valued at $29,889,000 after purchasing an additional 462,875 shares during the last quarter. Institutional investors own 99.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMRC. William Blair raised shares of Ameresco to a “hold” rating in a research note on Tuesday, January 27th. Zacks Research cut shares of Ameresco from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. Cantor Fitzgerald raised their target price on shares of Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group cut their target price on shares of Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Finally, Robert W. Baird cut their target price on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.56.

About Ameresco

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.