Ameresco (NYSE:AMRC) Director Acquires $202,439.00 in Stock

Ameresco, Inc. (NYSE:AMRCGet Free Report) Director Joseph Sutton acquired 9,700 shares of the stock in a transaction dated Monday, August 24th. The shares were bought at an average cost of $20.87 per share, for a total transaction of $202,439.00. Following the completion of the transaction, the director owned 80,246 shares in the company, valued at approximately $1,674,734.02. This represents a 13.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ameresco Trading Down 3.7%

Shares of NYSE:AMRC opened at $22.06 on Friday. The stock has a 50 day moving average of $24.60 and a 200 day moving average of $27.50. The company has a market cap of $1.17 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 1.68 and a beta of 2.62. Ameresco, Inc. has a 12-month low of $18.38 and a 12-month high of $44.93. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33.

Ameresco (NYSE:AMRCGet Free Report) last released its earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The company had revenue of $515.46 million for the quarter, compared to analysts’ expectations of $465.18 million. During the same quarter last year, the business earned $0.27 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, equities research analysts expect that Ameresco, Inc. will post 1.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMRC shares. Wall Street Zen upgraded Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th. BNP Paribas Exane raised shares of Ameresco from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $34.00 to $40.00 in a research note on Tuesday, August 4th. Zacks Research upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Cantor Fitzgerald decreased their target price on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.89.

Read Our Latest Research Report on Ameresco

Institutional Trading of Ameresco

A number of institutional investors have recently bought and sold shares of AMRC. Wellington Management Group LLP boosted its stake in Ameresco by 170.0% during 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 period. California State Teachers Retirement System raised its stake in shares of Ameresco by 3,311.5% in the second quarter. California State Teachers Retirement System now owns 1,020,234 shares of the utilities provider’s stock valued at $28,158,000 after acquiring an additional 990,328 shares during the period. First Trust Advisors LP lifted its holdings in shares of 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 boosted its stake in shares of Ameresco by 74.3% during the 1st quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock worth $16,448,000 after purchasing an additional 275,000 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Ameresco by 54.7% during the 3rd quarter. Invesco Ltd. now owns 575,173 shares of the utilities provider’s stock worth $19,314,000 after purchasing an additional 203,374 shares during the period. 99.24% of the stock is currently owned by institutional investors.

About Ameresco

(Get Free Report)

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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