Ameresco (NYSE:AMRC) Director Sells $180,600.00 in Stock

Ameresco, Inc. (NYSE:AMRC) Director Francis Wisneski, Jr. sold 5,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $36.12, for a total value of $180,600.00. Following the completion of the sale, the director directly owned 25,232 shares of the company’s stock, valued at $911,379.84. This trade represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ameresco Stock Down 1.8%

Shares of AMRC opened at $32.74 on Friday. Ameresco, Inc. has a 52-week low of $14.08 and a 52-week high of $44.93. The company has a market capitalization of $1.73 billion, a PE ratio of 56.45, a price-to-earnings-growth ratio of 2.75 and a beta of 2.58. The stock has a fifty day simple moving average of $28.99 and a two-hundred day simple moving average of $30.16. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 1.64.

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

Hedge Funds Weigh In On Ameresco

Hedge funds have recently modified their holdings of the business. Royce & Associates LP grew its holdings in shares of Ameresco by 197.6% during the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock worth $32,371,000 after purchasing an additional 640,106 shares during the period. Legal & General Group Plc boosted its holdings in Ameresco by 10.3% during the 4th quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock valued at $13,695,000 after acquiring an additional 43,832 shares during the period. Swedbank AB boosted its holdings in Ameresco by 219.0% during the 4th quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock valued at $10,837,000 after acquiring an additional 254,000 shares during the period. Erste Asset Management GmbH boosted its holdings in Ameresco by 41.2% during the 3rd quarter. Erste Asset Management GmbH now owns 154,019 shares of the utilities provider’s stock valued at $5,261,000 after acquiring an additional 44,949 shares during the period. Finally, Portolan Capital Management LLC purchased a new position in Ameresco during the 3rd quarter valued at about $5,873,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on AMRC. Robert W. Baird cut their target price on Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Zacks Research cut Ameresco from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Stifel Nicolaus reiterated a “buy” rating and set a $38.00 price target (up from $37.00) on shares of Ameresco in a report on Wednesday, March 11th. Cantor Fitzgerald increased their price target on Ameresco from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Finally, Guggenheim assumed coverage on Ameresco in a report on Friday, May 22nd. They set a “neutral” rating for the company. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Ameresco currently has an average rating of “Hold” and an average target price of $42.56.

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.