Louis Maltezos Sells 592 Shares of Ameresco (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRCGet Free Report) insider Louis Maltezos sold 592 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $22.46, for a total transaction of $13,296.32. Following the completion of the sale, the insider directly owned 33,628 shares of the company’s stock, valued at approximately $755,284.88. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ameresco Stock Performance

NYSE AMRC opened at $23.77 on Friday. The company’s fifty day moving average is $23.51 and its two-hundred day moving average is $26.47. Ameresco, Inc. has a 52-week low of $18.38 and a 52-week high of $44.93. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 45.72, a P/E/G ratio of 1.77 and a beta of 2.63.

Ameresco (NYSE:AMRCGet Free Report) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The business had revenue of $515.46 million during the quarter, compared to analyst estimates of $465.18 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Equities research analysts forecast that Ameresco, Inc. will post 1.22 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on AMRC shares. Robert W. Baird restated a “neutral” rating and issued a $32.00 target price (down from $36.00) on shares of Ameresco in a research note on Tuesday, August 18th. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th. Zacks Research cut shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Wall Street Zen cut shares of Ameresco from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings upgraded shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ameresco has an average rating of “Moderate Buy” and a consensus price target of $41.89.

Read Our Latest Stock Report on Ameresco

Institutional Trading of Ameresco

Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp bought a new position in shares of Ameresco during the first quarter valued at $44,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ameresco during the 4th quarter worth about $48,000. Optiver Holding B.V. increased its position in shares of Ameresco by 550.8% during the 1st quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 2,005 shares in the last quarter. Northside Capital Management LLC bought a new position in Ameresco during the 2nd quarter valued at about $207,000. Finally, Entropy Technologies LP bought a new position in Ameresco during the 1st quarter valued at about $216,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

About Ameresco

(Get Free Report)

Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.

Ameresco’s services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.

Further Reading

Insider Buying and Selling by Quarter for Ameresco (NYSE:AMRC)

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