Jennifer Miller Acquires 2,000 Shares of Ameresco (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) Director Jennifer Miller bought 2,000 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was bought at an average cost of $20.96 per share, with a total value of $41,920.00. Following the completion of the transaction, the director owned 34,546 shares in the company, valued at approximately $724,084.16. This trade represents a 6.15% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ameresco Trading Up 0.3%

Shares of NYSE AMRC traded up $0.06 during midday trading on Wednesday, hitting $22.13. 639,842 shares of the company traded hands, compared to its average volume of 592,515. Ameresco, Inc. has a 12-month low of $18.38 and a 12-month high of $44.93. The firm has a market cap of $1.17 billion, a P/E ratio of 42.56, a P/E/G ratio of 1.54 and a beta of 2.62. The stock has a 50-day moving average price of $24.94 and a 200 day moving average price of $27.63. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $515.46 million during the quarter, compared to analyst estimates of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. Ameresco’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, analysts expect that Ameresco, Inc. will post 1.24 earnings per share for the current 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 holdings in shares of Ameresco by 170.0% during the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after buying an additional 2,981,689 shares during the last quarter. California State Teachers Retirement System raised its holdings in Ameresco by 3,311.5% in the 2nd quarter. California State Teachers Retirement System now owns 1,020,234 shares of the utilities provider’s stock worth $28,158,000 after acquiring an additional 990,328 shares during the last quarter. First Trust Advisors LP raised its holdings in Ameresco by 503.4% in the 4th quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock worth $31,240,000 after acquiring an additional 889,820 shares during the last quarter. Swedbank AB lifted its position in Ameresco by 74.3% in the 1st quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock valued at $16,448,000 after acquiring an additional 275,000 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Ameresco by 54.7% in the 3rd quarter. Invesco Ltd. now owns 575,173 shares of the utilities provider’s stock valued at $19,314,000 after acquiring an additional 203,374 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AMRC shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $32.00 price target (down from $36.00) on shares of Ameresco in a research note on Tuesday, August 18th. Oppenheimer reissued a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. Zacks Research raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Ameresco in a research note on Tuesday, August 4th. Finally, Canaccord Genuity Group lifted their price target on shares of Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.89.

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.