Ameresco (NYSE:AMRC) Shares Gap Up Following Insider Buying Activity

Ameresco, Inc. (NYSE:AMRC) shares gapped up before the market opened on Wednesday after an insider bought additional shares in the company. The stock had previously closed at $25.89, but opened at $28.17. Ameresco shares last traded at $27.51, with a volume of 65,178 shares.

Specifically, Director Brian C. Cox purchased 39,700 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average price of $25.07 per share, with a total value of $995,279.00. Following the acquisition, the director owned 39,700 shares in the company, valued at approximately $995,279. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George P. Sakellaris acquired 1,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of $25.27 per share, with a total value of $25,270.00. Following the completion of the purchase, the chief executive officer owned 994,597 shares in the company, valued at $25,133,466.19. The trade was a 0.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In related news, CEO George P. Sakellaris bought 5,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were purchased at an average cost of $25.95 per share, with a total value of $129,750.00. Following the completion of the transaction, the chief executive officer directly owned 993,597 shares of the company’s stock, valued at approximately $25,783,842.15. This represents a 0.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AMRC shares. Wall Street Zen upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday. Cantor Fitzgerald reissued an “overweight” rating on shares of Ameresco in a research note on Tuesday, August 4th. UBS Group upped their target price on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Robert W. Baird dropped their price target on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Finally, Guggenheim started coverage on Ameresco in a report on Friday, May 22nd. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

Ameresco Trading Up 6.0%

The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 52.78, a price-to-earnings-growth ratio of 1.85 and a beta of 2.62. The business has a fifty day moving average of $25.68 and a 200-day moving average of $28.12.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP grew its position in Ameresco by 170.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after purchasing an additional 2,981,689 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Ameresco by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock worth $36,711,000 after purchasing an additional 167,068 shares during the last quarter. Royce & Associates LP raised its position in Ameresco by 10.7% during the fourth quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock valued at $31,246,000 after acquiring an additional 102,782 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Ameresco by 503.4% during the 4th quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock valued at $31,240,000 after purchasing an additional 889,820 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Ameresco by 5.3% in the second quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock worth $23,680,000 after buying an additional 42,826 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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.