George Sakellaris Purchases 3,000 Shares of Ameresco (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris bought 3,000 shares of the business’s stock in a transaction on Friday, August 28th. The stock was bought at an average cost of $22.13 per share, with a total value of $66,390.00. Following the completion of the purchase, the chief executive officer directly owned 1,013,597 shares in the company, valued at approximately $22,430,901.61. The trade was a 0.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ameresco Trading Up 0.5%

Shares of AMRC opened at $22.09 on Tuesday. Ameresco, Inc. has a 12-month low of $18.38 and a 12-month high of $44.93. The firm has a market capitalization of $1.17 billion, a P/E ratio of 42.48, a P/E/G ratio of 1.64 and a beta of 2.62. The firm has a 50-day moving average price of $24.46 and a 200 day moving average price of $27.39. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33.

Ameresco (NYSE:AMRC) last issued 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 company had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. During the same period in the previous year, the firm earned $0.27 earnings per share. Ameresco’s quarterly revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Sell-side analysts forecast that Ameresco, Inc. will post 1.22 EPS for the current year.

Hedge Funds Weigh In On Ameresco

Hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ameresco by 2.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock valued at $1,159,000 after acquiring an additional 799 shares in the last quarter. KBC Group NV boosted its stake in shares of 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 purchasing an additional 891 shares during the period. State of Wyoming purchased a new position in shares of Ameresco in the fourth quarter valued at approximately $27,000. Kuhn & Co Investment Counsel grew its holdings in shares of Ameresco by 4.6% in 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 grew its holdings in shares of Ameresco by 1.6% in the third quarter. Swiss National Bank now owns 63,800 shares of the utilities provider’s stock valued at $2,142,000 after purchasing an additional 1,000 shares in the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMRC has been the subject of a number of research analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a report on Tuesday, August 4th. Wall Street Zen raised shares of Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. BNP Paribas Exane raised shares of Ameresco from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $34.00 to $40.00 in a research note on Tuesday, August 4th. Cantor Fitzgerald dropped their price target on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, August 27th. Finally, Guggenheim started coverage on shares of Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.