Ameresco (NYSE:AMRC) CEO Acquires 5,000 Shares

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris purchased 5,000 shares of Ameresco stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of $25.95 per share, with a total value of $129,750.00. Following the transaction, the chief executive officer owned 993,597 shares in the company, valued at $25,783,842.15. The trade was a 0.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ameresco Stock Performance

Ameresco stock traded up $0.72 during midday trading on Tuesday, hitting $26.00. 427,306 shares of the company’s stock were exchanged, compared to its average volume of 703,757. Ameresco, Inc. has a 12-month low of $18.38 and a 12-month high of $44.93. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 50.01, a price-to-earnings-growth ratio of 1.85 and a beta of 2.62. The firm’s 50 day simple moving average is $25.68 and its 200 day simple moving average is $28.12.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $465.18 million. During the same period in the prior year, the company earned $0.27 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Equities research analysts predict that Ameresco, Inc. will post 1.24 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AMRC shares. Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. UBS Group upped their price objective on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Cantor Fitzgerald reissued an “overweight” rating on shares of Ameresco in a report on Tuesday, August 4th. Finally, Robert W. Baird reduced their price objective on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northside Capital Management LLC purchased a new position in Ameresco in the second quarter valued at about $207,000. Handelsbanken Fonder AB increased its stake 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 purchasing an additional 42,826 shares in the last quarter. Optiver Holding B.V. increased its stake in Ameresco by 550.8% in the 1st quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 2,005 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Ameresco during the first quarter worth $3,089,000. Finally, Bank of America Corp DE boosted its position in Ameresco by 64.7% during the first quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider’s stock worth $3,199,000 after purchasing an additional 49,279 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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.