First Eagle Investment Management LLC Sells 145,699 Shares of Ameresco, Inc. $AMRC

First Eagle Investment Management LLC decreased its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 20.2% during the fourth quarter, HoldingsChannel reports. The fund owned 574,673 shares of the utilities provider’s stock after selling 145,699 shares during the quarter. First Eagle Investment Management LLC’s holdings in Ameresco were worth $16,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of AMRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ameresco by 2.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock worth $1,159,000 after purchasing an additional 799 shares during the period. Moody National Bank Trust Division boosted its position in Ameresco by 2.3% during the fourth quarter. Moody National Bank Trust Division now owns 40,673 shares of the utilities provider’s stock valued at $1,191,000 after buying an additional 917 shares during the period. Swiss National Bank boosted its position in Ameresco by 1.6% during the third quarter. Swiss National Bank now owns 63,800 shares of the utilities provider’s stock valued at $2,142,000 after buying an additional 1,000 shares during the period. Creative Planning boosted its position in Ameresco by 10.7% during the third quarter. Creative Planning now owns 11,115 shares of the utilities provider’s stock valued at $373,000 after buying an additional 1,070 shares during the period. Finally, CoreCap Advisors LLC purchased a new stake in Ameresco during the third quarter valued at about $50,000. Institutional investors own 99.24% of the company’s stock.

Ameresco Stock Up 1.9%

NYSE AMRC opened at $30.52 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48. The stock has a market capitalization of $1.61 billion, a PE ratio of 52.62, a PEG ratio of 2.49 and a beta of 2.55. Ameresco, Inc. has a 1 year low of $12.95 and a 1 year high of $44.93. The business’s 50-day moving average is $26.96 and its 200 day moving average is $30.76.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Sell-side analysts forecast that Ameresco, Inc. will post 1.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMRC has been the subject of several analyst reports. William Blair upgraded shares of Ameresco to a “hold” rating in a research report on Tuesday, January 27th. Weiss Ratings lowered shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Stifel Nicolaus restated a “buy” rating and set a $38.00 price target (up from $37.00) on shares of Ameresco in a research report on Wednesday, March 11th. Zacks Research lowered shares of Ameresco from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Finally, Robert W. Baird cut their price target on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Ameresco has a consensus rating of “Hold” and a consensus target price of $42.11.

Insider Activity

In related news, Director Nickolas Stavropoulos sold 15,700 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $34.15, for a total value of $536,155.00. Following the sale, the director directly owned 14,111 shares of the company’s stock, valued at $481,890.65. This trade represents a 52.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 16,920 shares of company stock valued at $574,440 over the last quarter. 44.96% of the stock is owned by company insiders.

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.