Jennifer Miller Sells 10,000 Shares of Ameresco (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) Director Jennifer Miller sold 10,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $32.27, for a total value of $322,700.00. Following the transaction, the director owned 22,111 shares in the company, valued at $713,521.97. This trade represents a 31.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ameresco Stock Up 2.0%

NYSE:AMRC opened at $29.51 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 1.64. The stock’s fifty day moving average is $27.32 and its two-hundred day moving average is $30.29. Ameresco, Inc. has a 52 week low of $12.95 and a 52 week high of $44.93. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 50.88, a price-to-earnings-growth ratio of 2.41 and a beta of 2.55.

Ameresco (NYSE:AMRC) last released 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 return on equity of 3.33% and a net margin of 1.59%.The firm had revenue of $401.46 million for the quarter, compared to analyst estimates of $362.92 million. During the same quarter last year, the company earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Research analysts anticipate that Ameresco, Inc. will post 1.09 EPS for the current year.

Analyst Upgrades and Downgrades

AMRC has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $38.00 price objective (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Canaccord Genuity Group increased 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. William Blair upgraded Ameresco to a “hold” rating in a research note on Tuesday, January 27th. Zacks Research cut Ameresco from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. Finally, Robert W. Baird reduced their price objective on Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.56.

Hedge Funds Weigh In On Ameresco

Large investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Ameresco by 318.2% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 107,788 shares of the utilities provider’s stock valued at $3,620,000 after buying an additional 82,015 shares during the last quarter. Royce & Associates LP increased its holdings in Ameresco by 197.6% in the third quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock valued at $32,371,000 after buying an additional 640,106 shares during the last quarter. Erste Asset Management GmbH increased its holdings in Ameresco by 41.2% in the third quarter. Erste Asset Management GmbH now owns 154,019 shares of the utilities provider’s stock valued at $5,261,000 after buying an additional 44,949 shares during the last quarter. Swedbank AB increased its holdings in Ameresco by 219.0% in the fourth quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock valued at $10,837,000 after buying an additional 254,000 shares during the last quarter. Finally, Portolan Capital Management LLC purchased a new position in Ameresco in the third quarter valued at $5,873,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

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.