Insider Buying: Ameresco (NYSE:AMRC) CEO Purchases $104,550.00 in Stock

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris purchased 5,000 shares of the stock in a transaction dated Monday, August 24th. The stock was acquired at an average cost of $20.91 per share, for a total transaction of $104,550.00. Following the transaction, the chief executive officer owned 1,000,597 shares of the company’s stock, valued at approximately $20,922,483.27. This trade represents a 0.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Ameresco Stock Down 3.7%

AMRC opened at $22.06 on Friday. Ameresco, Inc. has a 12 month low of $18.38 and a 12 month high of $44.93. The company has a market cap of $1.17 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 1.68 and a beta of 2.62. 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 company has a 50 day moving average of $24.60 and a 200 day moving average of $27.50.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The firm had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. During the same quarter in the prior year, the business posted $0.27 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, sell-side analysts expect that Ameresco, Inc. will post 1.24 EPS for the current year.

Institutional Investors Weigh In On Ameresco

Hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ameresco by 2.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock worth $1,159,000 after acquiring an additional 799 shares during the last quarter. KBC Group NV increased its stake in Ameresco by 0.9% in 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 last quarter. State of Wyoming bought a new position in Ameresco in the fourth quarter valued at $27,000. Kuhn & Co Investment Counsel raised its position in Ameresco by 4.6% during the fourth quarter. Kuhn & Co Investment Counsel now owns 22,650 shares of the utilities provider’s stock valued at $663,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Ameresco by 1.6% during the third quarter. Swiss National Bank now owns 63,800 shares of the utilities provider’s stock worth $2,142,000 after purchasing an additional 1,000 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Robert W. Baird reaffirmed a “neutral” rating and set a $32.00 target price (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. BNP Paribas Exane raised shares of Ameresco from a “neutral” rating to an “outperform” rating and raised their price target for the company from $34.00 to $40.00 in a report on Tuesday, August 4th. Oppenheimer restated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Ameresco from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ameresco has an average rating of “Moderate Buy” and an average target price of $41.89.

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.