Insider Selling: Ameresco (NYSE:AMRC) Director Sells $46,070.00 in Stock

Ameresco, Inc. (NYSE:AMRC) Director Nickolas Stavropoulos sold 1,355 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $34.00, for a total value of $46,070.00. Following the transaction, the director directly owned 14,111 shares of the company’s stock, valued at approximately $479,774. The trade was a 8.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nickolas Stavropoulos also recently made the following trade(s):

• On Thursday, February 19th, Nickolas Stavropoulos sold 400 shares of Ameresco stock. The shares were sold at an average price of $34.00, for a total value of $13,600.00.
• On Friday, February 20th, Nickolas Stavropoulos sold 15,700 shares of Ameresco stock. The shares were sold at an average price of $34.15, for a total value of $536,155.00.

Ameresco Price Performance

Shares of Ameresco stock opened at $30.19 on Friday. The stock has a 50 day moving average of $27.40 and a 200 day moving average of $30.23. Ameresco, Inc. has a 12 month low of $12.95 and a 12 month high of $44.93. The firm has a market cap of $1.60 billion, a PE ratio of 52.05, a PEG ratio of 2.43 and a beta of 2.55. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The firm had revenue of $401.46 million for the quarter, compared to the consensus estimate of $362.92 million. During the same period in the previous year, the company posted ($0.11) earnings per share. Ameresco’s quarterly revenue was up 13.8% on a year-over-year basis. 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 fiscal year.

Institutional Investors Weigh In On Ameresco

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of Ameresco by 64.7% in the first quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider’s stock worth $3,199,000 after buying an additional 49,279 shares during the period. Amundi raised its holdings in shares of Ameresco by 14.4% in the first quarter. Amundi now owns 59,006 shares of the utilities provider’s stock worth $1,505,000 after buying an additional 7,430 shares during the period. Empowered Funds LLC raised its holdings in shares of Ameresco by 8.5% in the first quarter. Empowered Funds LLC now owns 225,628 shares of the utilities provider’s stock worth $5,754,000 after buying an additional 17,696 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Ameresco by 50.2% in the first quarter. The Manufacturers Life Insurance Company now owns 14,462 shares of the utilities provider’s stock worth $369,000 after buying an additional 4,831 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in shares of Ameresco by 16.4% in the first quarter. Quantinno Capital Management LP now owns 16,348 shares of the utilities provider’s stock worth $417,000 after buying an additional 2,302 shares during the period. 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 several analyst reports. UBS Group lowered their price objective on Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Cantor Fitzgerald raised their price objective on Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday. Canaccord Genuity Group raised their price objective on Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. B. Riley Financial raised their price objective on Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, Zacks Research lowered Ameresco from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.56.

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.