Wellington Management Group LLP Decreases Stake in Ameresco, Inc. $AMRC

Wellington Management Group LLP cut its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 4.7% during the second quarter, HoldingsChannel.com reports. The firm owned 3,374,767 shares of the utilities provider’s stock after selling 166,810 shares during the period. Wellington Management Group LLP owned 0.06% of Ameresco worth $93,144,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AMRC. Legal & General Group Plc grew its position in Ameresco by 10.3% during the fourth quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock worth $13,695,000 after buying an additional 43,832 shares during the period. Swedbank AB increased its holdings in Ameresco by 219.0% in the fourth quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock valued at $10,837,000 after buying an additional 254,000 shares in the last quarter. Royce & Associates LP lifted its position in shares of Ameresco by 10.7% during the 4th quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock valued at $31,246,000 after acquiring an additional 102,782 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Ameresco by 13.1% during 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 acquiring an additional 167,068 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in shares of Ameresco by 7.5% during the 4th quarter. Handelsbanken Fonder AB now owns 650,836 shares of the utilities provider’s stock worth $19,063,000 after acquiring an additional 45,506 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Stock Performance

Shares of AMRC stock opened at $22.58 on Wednesday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 43.42, a price-to-earnings-growth ratio of 1.65 and a beta of 2.63. The company has a 50 day moving average price of $24.36 and a 200 day moving average price of $27.31. Ameresco, Inc. has a one year low of $18.38 and a one year 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.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 1.40% and a return on equity of 2.82%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Sell-side analysts anticipate that Ameresco, Inc. will post 1.22 EPS for the current year.

Insider Transactions at Ameresco

In other Ameresco news, Director Jennifer L. Miller bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average price of $20.96 per share, with a total value of $41,920.00. Following the transaction, the director owned 34,546 shares in the company, valued at $724,084.16. This trade represents a 6.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joseph W. Sutton purchased 9,700 shares of Ameresco stock in a transaction on Monday, August 24th. The shares were acquired at an average cost of $20.87 per share, for a total transaction of $202,439.00. Following the completion of the transaction, the director owned 80,246 shares of the company’s stock, valued at $1,674,734.02. This represents a 13.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 75,025 shares of company stock valued at $1,778,963. Insiders own 45.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AMRC shares. Robert W. Baird restated a “neutral” rating and issued a $32.00 price target (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. BNP Paribas Exane raised Ameresco from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $34.00 to $40.00 in a report on Tuesday, August 4th. Canaccord Genuity Group upped their target price on Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald cut their price target on Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.89.

Ameresco Company 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.