Ameresco, Inc. (NYSE:AMRC – Get Free Report) was down 4.7% during mid-day trading on Monday. The company traded as low as $18.64 and last traded at $18.59. Approximately 131,423 shares were traded during trading, a decline of 78% from the average session volume of 591,363 shares. The stock had previously closed at $19.50.
Wall Street Analyst Weigh In
Several research analysts have issued reports on AMRC shares. Robert W. Baird restated a “neutral” rating and issued a $32.00 price target (down from $36.00) on shares of Ameresco in a research report on Tuesday, August 18th. Cantor Fitzgerald dropped their price objective on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Oppenheimer reiterated a “market perform” rating on shares of Ameresco 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. 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 equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Ameresco presently has a consensus rating of “Hold” and a consensus price target of $41.89.
Read Our Latest Report on AMRC
Ameresco Trading Down 4.7%
The firm has a market capitalization of $986.50 million, a P/E ratio of 35.79, a PEG ratio of 1.45 and a beta of 2.62. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average price of $22.83 and a 200-day moving average price of $25.71.
Ameresco (NYSE:AMRC – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Analysts anticipate that Ameresco, Inc. will post 1.22 earnings per share for the current year.
Insider Activity at Ameresco
In other news, Director Joseph W. Sutton acquired 9,700 shares of the company’s stock in a transaction on Monday, August 24th. The stock was purchased at an average cost of $20.87 per share, with a total value of $202,439.00. Following the acquisition, the director owned 80,246 shares of the company’s stock, valued at $1,674,734.02. This trade represents a 13.75% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George P. Sakellaris purchased 3,000 shares of the stock in a transaction dated Friday, August 28th. The shares were acquired at an average price of $22.13 per share, with a total value of $66,390.00. Following the transaction, the chief executive officer owned 1,013,597 shares in the company, valued at $22,430,901.61. This trade represents a 0.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 75,025 shares of company stock valued at $1,778,963 over the last three months. 45.10% of the stock is owned by company insiders.
Institutional Investors Weigh In On Ameresco
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV raised its position in shares of Ameresco by 0.9% in the 1st quarter. KBC Group NV now owns 97,905 shares of the utilities provider’s stock valued at $2,497,000 after acquiring an additional 891 shares during the period. NorthCrest Asset Manangement LLC increased its holdings in Ameresco by 7.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 13,697 shares of the utilities provider’s stock worth $288,000 after purchasing an additional 940 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Ameresco by 458.8% during the third quarter. Farther Finance Advisors LLC now owns 1,263 shares of the utilities provider’s stock worth $26,000 after buying an additional 1,037 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ameresco in the fourth quarter valued at approximately $48,000. Finally, Fifth Third Bancorp acquired a new stake in Ameresco in the 1st quarter valued at $44,000. Institutional investors own 99.24% of the company’s stock.
Ameresco Company Profile
Ameresco, Inc (NYSE:AMRC) is an energy services and renewable energy company that helps organizations improve energy efficiency, reduce operating costs and transition to lower-carbon energy sources. The company serves public- and private-sector customers, including government agencies, utilities, educational institutions, health care organizations and commercial and industrial businesses.
Ameresco’s services include energy audits, project development, engineering, construction, energy management and long-term operations and maintenance.
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