Ameresco, Inc. (NYSE:AMRC – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $18.38 and last traded at $19.2210, with a volume of 33,130 shares changing hands. The stock had previously closed at $18.86.
Wall Street Analyst Weigh In
AMRC has been the subject of a number of recent analyst reports. Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. UBS Group boosted their target price on Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Canaccord Genuity Group upped their target price on Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Cantor Fitzgerald dropped their price target on Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $41.89.
Check Out Our Latest Stock Report on Ameresco
Ameresco Trading Up 1.1%
The company has a market capitalization of $1.01 billion, a P/E ratio of 36.66, a P/E/G ratio of 1.45 and a beta of 2.62. The stock’s 50 day moving average is $22.70 and its 200-day moving average is $25.66. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66.
Ameresco (NYSE:AMRC – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $515.46 million during the quarter, compared to analyst estimates of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. Ameresco’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, equities research analysts anticipate that Ameresco, Inc. will post 1.22 earnings per share for the current year.
Insider Transactions at Ameresco
In other news, Director Jennifer Miller bought 2,000 shares of the stock in a transaction dated Monday, August 24th. The stock was bought at an average price of $20.96 per share, for a total transaction of $41,920.00. Following the purchase, the director directly owned 34,546 shares in the company, valued at $724,084.16. This trade represents a 6.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Cox bought 39,700 shares of the stock in a transaction dated Monday, August 10th. The stock was purchased at an average price of $25.07 per share, with a total value of $995,279.00. Following the purchase, the director owned 39,700 shares in the company, valued at $995,279. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 75,025 shares of company stock worth $1,778,963 over the last 90 days. 45.10% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Ameresco
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raiffeisen Bank International AG bought a new stake in shares of Ameresco during the 2nd quarter valued at $2,657,000. Dimensional Fund Advisors LP grew its position in shares of Ameresco by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock worth $36,711,000 after buying an additional 167,068 shares during the period. Swedbank AB increased its stake in shares of Ameresco by 74.3% in the 1st quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock worth $16,448,000 after acquiring an additional 275,000 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Ameresco by 64.7% in the 1st quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider’s stock worth $3,199,000 after acquiring an additional 49,279 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in Ameresco during the 1st quarter valued at about $3,089,000. Hedge funds and other 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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