Legal & General Group Plc Acquires 43,832 Shares of Ameresco, Inc. $AMRC

Legal & General Group Plc grew its holdings in Ameresco, Inc. (NYSE:AMRC) by 10.3% during the fourth quarter, Holdings Channel reports. The firm owned 467,562 shares of the utilities provider’s stock after acquiring an additional 43,832 shares during the quarter. Legal & General Group Plc’s holdings in Ameresco were worth $13,695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its stake in Ameresco by 99.4% during the second 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 during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Ameresco in the third quarter valued at approximately $76,000. Nkcfo LLC acquired a new position in Ameresco in the third quarter valued at approximately $107,000. Creative Planning bought a new position in shares of Ameresco during the 2nd quarter worth approximately $153,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of Ameresco by 52.7% during the 2nd quarter. Lazard Asset Management LLC now owns 11,621 shares of the utilities provider’s stock worth $175,000 after buying an additional 4,010 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

Insider Buying and Selling

In other Ameresco news, Director Nickolas Stavropoulos sold 1,355 shares of Ameresco stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $34.00, for a total transaction of $46,070.00. Following the completion of the transaction, the director owned 14,111 shares of the company’s stock, valued at $479,774. The trade was a 8.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $30.29, for a total transaction of $302,900.00. Following the completion of the transaction, the director directly owned 25,232 shares in the company, valued at approximately $764,277.28. The trade was a 28.38% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 26,730 shares of company stock valued at $861,813. Company insiders own 45.10% of the company’s stock.

Ameresco Price Performance

AMRC opened at $36.10 on Wednesday. The firm has a 50-day moving average of $28.60 and a 200 day moving average of $30.13. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.49. Ameresco, Inc. has a fifty-two week low of $13.36 and a fifty-two week high of $44.93. The firm has a market cap of $1.91 billion, a P/E ratio of 62.24, a PEG ratio of 2.85 and a beta of 2.58.

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

Analyst Ratings Changes

Several analysts have recently weighed in on AMRC shares. Stifel Nicolaus reiterated a “buy” rating and issued a $38.00 price objective (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Weiss Ratings upgraded shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Robert W. Baird decreased their price target on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Canaccord Genuity Group increased their price objective on shares of Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald raised their target price on Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.