DNB Asset Management AS lowered its stake in shares of Ameresco, Inc. (NYSE:AMRC – Free Report) by 24.1% during the fourth quarter, Holdings Channel reports. The fund owned 785,043 shares of the utilities provider’s stock after selling 249,551 shares during the quarter. DNB Asset Management AS’s holdings in Ameresco were worth $22,994,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in AMRC. Wellington Management Group LLP boosted its stake 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 acquiring an additional 2,981,689 shares during the last quarter. Royce & Associates LP boosted its stake in Ameresco by 197.6% in the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock worth $32,371,000 after buying an additional 640,106 shares during the last quarter. Granahan Investment Management LLC boosted its stake in Ameresco by 108.4% in the 3rd quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock worth $29,889,000 after buying an additional 462,875 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Ameresco by 91.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 605,330 shares of the utilities provider’s stock worth $20,327,000 after buying an additional 289,381 shares during the last quarter. Finally, Swedbank AB boosted its stake in Ameresco by 219.0% in the 4th quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock worth $10,837,000 after buying an additional 254,000 shares during the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have issued reports on AMRC. B. Riley Financial raised their price target on Ameresco from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Zacks Research lowered Ameresco from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. William Blair raised Ameresco to a “hold” rating in a research note on Tuesday, January 27th. Weiss Ratings lowered Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird decreased their price target 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 research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $42.11.
Ameresco Stock Performance
Ameresco stock opened at $33.01 on Friday. The stock’s 50-day moving average is $27.11 and its 200-day moving average is $30.58. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 56.91, a price-to-earnings-growth ratio of 2.75 and a beta of 2.55. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48. Ameresco, Inc. has a 12 month low of $12.95 and a 12 month high of $44.93.
Ameresco (NYSE:AMRC – Get Free Report) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). The firm had revenue of $401.46 million during the quarter, compared to analysts’ expectations of $362.92 million. Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Equities analysts anticipate that Ameresco, Inc. will post 1.09 earnings per share for the current year.
Insider Activity at Ameresco
In other news, Director Nickolas Stavropoulos sold 15,700 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $34.15, for a total value of $536,155.00. Following the transaction, the director directly owned 14,111 shares in the company, valued at $481,890.65. This trade represents a 52.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 16,475 shares of company stock valued at $559,298. Company insiders own 44.96% 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.
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