Ameresco (NYSE:AMRC) Stock Price Down 4.7% – Time to Sell?

Ameresco, Inc. (NYSE:AMRC) traded down 4.7% during trading on Monday. The stock traded as low as $18.64 and last traded at $18.59. 131,423 shares were traded during trading, a decline of 78% from the average session volume of 591,363 shares. The stock had previously closed at $19.50.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Ameresco from a “sell” rating to a “hold” rating in a report on Sunday, September 27th. Canaccord Genuity Group upped their price objective on Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Cantor Fitzgerald dropped their price target on Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Zacks Research lowered Ameresco from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Finally, Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Ameresco presently has a consensus rating of “Hold” and a consensus target price of $41.89.

Ameresco Trading Down 4.7%

The business has a 50 day simple moving average of $22.83 and a two-hundred day simple moving average of $25.71. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33. The company has a market cap of $986.50 million, a PE ratio of 35.79, a price-to-earnings-growth ratio of 1.45 and a beta of 2.62.

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. On average, analysts forecast that Ameresco, Inc. will post 1.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO George Sakellaris bought 5,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was bought at an average price of $20.91 per share, with a total value of $104,550.00. Following the completion of the transaction, the chief executive officer directly owned 1,000,597 shares of the company’s stock, valued at approximately $20,922,483.27. This represents a 0.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Cox purchased 39,700 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was bought at an average price of $25.07 per share, with a total value of $995,279.00. Following the acquisition, the director owned 39,700 shares in the company, valued at $995,279. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 75,025 shares of company stock worth $1,778,963. Company insiders own 45.10% of the company’s stock.

Hedge Funds Weigh In On Ameresco

Several institutional investors and hedge funds have recently made changes to their positions in AMRC. Vanguard Capital Wealth Advisors acquired a new position in Ameresco in the third quarter worth about $389,000. NorthCrest Asset Manangement LLC increased its position in Ameresco by 7.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 13,697 shares of the utilities provider’s stock worth $288,000 after buying an additional 940 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Ameresco by 458.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,263 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 1,037 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Ameresco in the second quarter valued at approximately $261,000. Finally, Engineers Gate Manager LP bought a new stake in Ameresco during the 2nd quarter valued at $1,124,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

About Ameresco

Ameresco, Inc (NYSE:AMRC) is an energy services and renewable energy company that helps organizations improve energy efficiency, reduce operating costs and transition to lower-carbon energy sources. The company serves public- and private-sector customers, including government agencies, utilities, educational institutions, health care organizations and commercial and industrial businesses.

Ameresco’s services include energy audits, project development, engineering, construction, energy management and long-term operations and maintenance.