UBS Group AG lessened its position in shares of Ameresco, Inc. (NYSE:AMRC – Free Report) by 11.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 397,386 shares of the utilities provider’s stock after selling 51,667 shares during the quarter. UBS Group AG’s holdings in Ameresco were worth $11,639,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new stake in Ameresco during the 3rd quarter valued at approximately $50,000. Tower Research Capital LLC TRC increased its position in Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,754 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Ameresco during the 3rd quarter valued at approximately $76,000. Nkcfo LLC acquired a new stake in Ameresco during the 3rd quarter valued at approximately $107,000. Finally, Creative Planning acquired a new stake in Ameresco during the 2nd quarter valued at approximately $153,000. Institutional investors and hedge funds own 99.24% of the company’s stock.
Insider Activity
In related news, Director Nickolas Stavropoulos sold 15,700 shares of the stock in a transaction on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 16,475 shares of company stock valued at $559,298. 44.96% of the stock is owned by company insiders.
Ameresco Price Performance
Ameresco (NYSE:AMRC – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). The business had revenue of $401.46 million for the quarter, compared to the consensus estimate of $362.92 million. Ameresco had a return on equity of 3.33% and a net margin of 1.59%.Ameresco’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, equities analysts predict that Ameresco, Inc. will post 1.09 earnings per share for the current year.
Wall Street Analysts Forecast Growth
AMRC has been the subject of a number of recent analyst reports. UBS Group decreased their target price on shares of Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Weiss Ratings downgraded shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Zacks Research cut Ameresco from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Robert W. Baird cut their price target on Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Ameresco in a report on Wednesday, March 4th. 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $42.11.
Check Out Our Latest Report on AMRC
Ameresco Company 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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