Insider Selling: Ameresco (NYSE:AMRC) Director Sells $322,700.00 in Stock

Ameresco, Inc. (NYSE:AMRC) Director Jennifer Miller sold 10,000 shares of Ameresco stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $32.27, for a total value of $322,700.00. Following the completion of the sale, the director owned 22,111 shares of the company’s stock, valued at approximately $713,521.97. The trade was a 31.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ameresco Trading Up 2.3%

Shares of AMRC stock opened at $30.19 on Friday. The company has a market cap of $1.60 billion, a P/E ratio of 52.05, a PEG ratio of 2.43 and a beta of 2.55. The stock has a 50 day simple moving average of $27.40 and a two-hundred day simple moving average of $30.23. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.49. Ameresco, Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $44.93.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). The business had revenue of $401.46 million during the quarter, compared to the consensus estimate of $362.92 million. Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Research analysts forecast that Ameresco, Inc. will post 1.1 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMRC shares. UBS Group lowered their target price on Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, March 13th. B. Riley Financial lifted their target price on Ameresco from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $38.00 target price (up from $37.00) on shares of Ameresco in a report on Wednesday, March 11th. Canaccord Genuity Group raised their price objective on Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings cut Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $42.56.

Institutional Investors Weigh In On Ameresco

Hedge funds have recently added to or reduced their stakes in the company. State of Wyoming acquired a new stake in Ameresco in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Ameresco in the fourth quarter valued at approximately $48,000. Fifth Third Bancorp acquired a new stake in Ameresco in the first quarter valued at approximately $44,000. Summit Securities Group LLC acquired a new stake in Ameresco in the fourth quarter valued at approximately $55,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Ameresco during the third quarter valued at approximately $76,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.