Ameresco, Inc. $AMRC Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH cut its position in shares of Ameresco, Inc. (NYSE:AMRC) by 14.2% during the 4th quarter, Holdings Channel reports. The firm owned 132,189 shares of the utilities provider’s stock after selling 21,830 shares during the period. Erste Asset Management GmbH’s holdings in Ameresco were worth $3,975,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. State of Wyoming acquired a new position in shares of Ameresco during the 4th quarter valued at $27,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Ameresco during the 3rd quarter valued at $76,000. Nkcfo LLC acquired a new position in shares of Ameresco during the 3rd quarter valued at $107,000. Tower Research Capital LLC TRC grew its holdings in shares of Ameresco by 99.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 1,754 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Ameresco in the 4th quarter worth $175,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Stock Performance

Shares of Ameresco stock opened at $26.83 on Wednesday. The stock has a market cap of $1.42 billion, a PE ratio of 46.26, a price-to-earnings-growth ratio of 2.29 and a beta of 2.58. The business has a fifty day simple moving average of $29.01 and a 200-day simple moving average of $30.09. 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, Inc. has a 12 month low of $14.08 and a 12 month high of $44.93.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, May 4th. The utilities provider reported ($0.33) 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 analyst estimates of $362.92 million. Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business earned ($0.11) EPS. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, sell-side analysts anticipate that Ameresco, Inc. will post 1.1 EPS for the current fiscal year.

Insider Transactions at Ameresco

In related news, Director Jennifer L. Miller sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $32.27, for a total transaction of $322,700.00. Following the completion of the sale, the director directly owned 22,111 shares in the company, valued at approximately $713,521.97. This trade represents a 31.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nickolas Stavropoulos sold 1,355 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $34.00, for a total transaction of $46,070.00. Following the sale, the director owned 14,111 shares of the company’s stock, valued at approximately $479,774. This represents a 8.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 26,680 shares of company stock valued at $860,496 over the last quarter. Company insiders own 45.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AMRC shares. Guggenheim started coverage on Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating on the stock. Canaccord Genuity Group lifted their target price on Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Robert W. Baird decreased their target price on Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Cantor Fitzgerald lifted their target price on Ameresco from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Finally, Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Ameresco currently has a consensus rating of “Hold” and a consensus 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.