Granahan Investment Management LLC decreased its position in Ameresco, Inc. (NYSE:AMRC – Free Report) by 25.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 630,073 shares of the utilities provider’s stock after selling 217,934 shares during the quarter. Granahan Investment Management LLC’s holdings in Ameresco were worth $16,067,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in AMRC. Wellington Management Group LLP boosted its holdings in shares of Ameresco by 170.0% in the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after buying an additional 2,981,689 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Ameresco by 13.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock worth $36,711,000 after acquiring an additional 167,068 shares during the period. Royce & Associates LP boosted its stake in shares of Ameresco by 10.7% during the 4th quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock worth $31,246,000 after acquiring an additional 102,782 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Ameresco by 503.4% during 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. Finally, Redwood Grove Capital LLC increased its stake in shares of Ameresco by 36.0% in the 2nd quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider’s stock worth $10,327,000 after purchasing an additional 179,943 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Ameresco news, Director Francis V. Wisneski, Jr. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $30.29, for a total value of $302,900.00. Following the completion of the transaction, the director directly owned 25,232 shares in the company, valued at approximately $764,277.28. The trade was a 28.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nickolas Stavropoulos sold 1,355 shares of the company’s stock in a transaction on Friday, May 15th. The stock was 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 in the company, valued at approximately $479,774. The trade was a 8.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,355 shares of company stock worth $852,270 in the last ninety days. 45.10% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Research Report on Ameresco
Ameresco Trading Down 7.9%
Shares of AMRC stock opened at $21.71 on Friday. Ameresco, Inc. has a 1 year low of $15.52 and a 1 year high of $44.93. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48. The stock’s 50 day simple moving average is $28.05 and its two-hundred day simple moving average is $28.79. The company has a market cap of $1.15 billion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 1.90 and a beta of 2.60.
Ameresco (NYSE:AMRC – Get Free Report) 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 analysts’ expectations of $362.92 million. During the same period in the prior year, the firm posted ($0.11) earnings per share. Ameresco’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 predict that Ameresco, Inc. will post 1.13 earnings per share for the current year.
Ameresco Profile
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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