Ameresco (NYSE:AMRC) CEO Acquires $129,750.00 in Stock

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris acquired 5,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were bought at an average cost of $25.95 per share, with a total value of $129,750.00. Following the completion of the acquisition, the chief executive officer directly owned 993,597 shares of the company’s stock, valued at $25,783,842.15. The trade was a 0.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Ameresco Trading Up 0.6%

Shares of AMRC stock opened at $27.77 on Friday. Ameresco, Inc. has a 12-month low of $18.38 and a 12-month high of $44.93. 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 firm’s 50 day moving average is $25.48 and its 200 day moving average is $28.05. The stock has a market capitalization of $1.47 billion, a P/E ratio of 53.41, a P/E/G ratio of 2.00 and a beta of 2.62.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, hitting 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 the consensus estimate of $465.18 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Research analysts expect that Ameresco, Inc. will post 1.26 earnings per share for the current year.

Institutional Investors Weigh In On Ameresco

A number of institutional investors and hedge funds have recently bought and sold shares of AMRC. State of Wyoming bought a new position in shares of Ameresco in the fourth quarter worth about $27,000. Fifth Third Bancorp purchased a new stake in shares of Ameresco during the first quarter worth about $44,000. Caitong International Asset Management Co. Ltd bought a new stake in Ameresco during the 4th quarter valued at approximately $48,000. Tower Research Capital LLC TRC lifted its holdings in Ameresco by 99.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 1,754 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in Ameresco in the 4th quarter worth approximately $55,000. 99.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMRC. Canaccord Genuity Group increased their price objective on shares of Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. BNP Paribas Exane upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $34.00 to $40.00 in a research report on Tuesday, August 4th. Wall Street Zen raised shares of Ameresco from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Guggenheim assumed coverage on shares of Ameresco in a research report on Friday, May 22nd. They issued a “neutral” rating on the stock. Finally, Weiss Ratings upgraded shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

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.