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

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris purchased 3,000 shares of the stock in a transaction dated Friday, August 28th. The stock was acquired at an average cost of $22.13 per share, for a total transaction of $66,390.00. Following the transaction, the chief executive officer owned 1,013,597 shares of the company’s stock, valued at approximately $22,430,901.61. This trade represents a 0.30% 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 Price Performance

Ameresco stock opened at $22.58 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. Ameresco, Inc. has a one year low of $18.38 and a one year high of $44.93. The firm has a market capitalization of $1.20 billion, a P/E ratio of 43.42, a PEG ratio of 1.65 and a beta of 2.63. The business has a fifty day moving average price of $24.36 and a 200-day moving average price of $27.31.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $515.46 million for the quarter, compared to analysts’ expectations of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, equities research analysts forecast that Ameresco, Inc. will post 1.22 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on AMRC. Zacks Research raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Robert W. Baird restated a “neutral” rating and set a $32.00 price target (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. BNP Paribas Exane upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $34.00 to $40.00 in a research report on Tuesday, August 4th. Finally, UBS Group lifted their price target on Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ameresco presently has an average rating of “Moderate Buy” and an average target price of $41.89.

Institutional Investors Weigh In On Ameresco

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC bought a new stake in shares of Ameresco in the first quarter worth approximately $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ameresco by 2.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider’s stock valued at $513,000 after purchasing an additional 884 shares during the period. Goldman Sachs Group Inc. increased its holdings in Ameresco by 23.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider’s stock worth $2,687,000 after acquiring an additional 42,499 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Ameresco in the first quarter worth $1,187,000. Finally, Creative Planning purchased a new position in shares of Ameresco during the 2nd quarter valued at $153,000. 99.24% of the stock is currently owned by institutional investors.

About Ameresco

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.