Royal Bank of Canada Trims Stock Holdings in Ameresco, Inc. $AMRC

Royal Bank of Canada lowered its position in shares of Ameresco, Inc. (NYSE:AMRC) by 15.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 504,148 shares of the utilities provider’s stock after selling 95,413 shares during the quarter. Royal Bank of Canada owned about 0.95% of Ameresco worth $12,857,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMRC. State of Wyoming acquired a new stake in shares of Ameresco during the fourth quarter worth about $27,000. Fifth Third Bancorp purchased a new stake in Ameresco in the first quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd acquired a new position in Ameresco in the 4th quarter worth approximately $48,000. Tower Research Capital LLC TRC raised its position in Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after buying an additional 1,754 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in Ameresco during the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on AMRC shares. Zacks Research raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday. UBS Group boosted their target price on shares of Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday. Guggenheim initiated coverage on shares of Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Ameresco in a research report on Tuesday. 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 report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

Insider Transactions at Ameresco

In related news, Director Nickolas Stavropoulos sold 1,355 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $34.00, for a total value of $46,070.00. Following the completion of the sale, the director owned 14,111 shares of the company’s stock, valued at approximately $479,774. The trade was a 8.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer L. Miller sold 10,000 shares of the company’s 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 transaction, the director owned 22,111 shares of the company’s stock, valued at $713,521.97. This represents a 31.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 26,355 shares of company stock valued at $852,270 in the last three months. 45.10% of the stock is currently owned by company insiders.

Ameresco Price Performance

NYSE:AMRC opened at $25.76 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. Ameresco, Inc. has a 52 week low of $18.38 and a 52 week high of $44.93. The stock’s 50-day moving average price is $26.07 and its 200-day moving average price is $28.24. The stock has a market capitalization of $1.36 billion, a PE ratio of 49.54, a price-to-earnings-growth ratio of 1.87 and a beta of 2.62.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.Ameresco’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, equities analysts expect that Ameresco, Inc. will post 1.24 EPS for the current fiscal year.

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.