Ameresco (NYSE:AMRC) Insider Louis Maltezos Sells 592 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) insider Louis Maltezos sold 592 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $22.46, for a total transaction of $13,296.32. Following the transaction, the insider directly owned 33,628 shares in the company, valued at approximately $755,284.88. This trade represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ameresco Price Performance

Shares of NYSE AMRC traded up $0.91 during midday trading on Thursday, hitting $23.77. The company had a trading volume of 639,543 shares, compared to its average volume of 597,750. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. Ameresco, Inc. has a twelve month low of $18.38 and a twelve month high of $44.93. The business has a 50-day simple moving average of $23.57 and a two-hundred day simple moving average of $26.54. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 45.72, a price-to-earnings-growth ratio of 1.67 and a beta of 2.63.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The company had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. During the same period in the prior year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter 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 anticipate that Ameresco, Inc. will post 1.22 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMRC shares. Robert W. Baird reaffirmed a “neutral” rating and set a $32.00 price objective (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. Wall Street Zen upgraded Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th. UBS Group boosted 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. Finally, Jefferies Financial Group raised shares of Ameresco to a “strong-buy” rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.89.

Institutional Investors Weigh In On Ameresco

A number of large investors have recently bought and sold shares of AMRC. KBC Group NV boosted its holdings in shares of Ameresco by 0.9% during the first quarter. KBC Group NV now owns 97,905 shares of the utilities provider’s stock valued at $2,497,000 after acquiring an additional 891 shares during the period. Kuhn & Co Investment Counsel increased its holdings in shares of Ameresco by 4.6% in the 4th quarter. Kuhn & Co Investment Counsel now owns 22,650 shares of the utilities provider’s stock worth $663,000 after acquiring an additional 1,000 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ameresco in the 4th quarter worth about $48,000. Fifth Third Bancorp acquired a new stake in shares of Ameresco in the 1st quarter worth about $44,000. Finally, Optiver Holding B.V. lifted its position 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 during the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Company Profile

Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.

Ameresco’s services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.