Insider Buying: Ameresco (NYSE:AMRC) Director Buys $995,279.00 in Stock

Ameresco, Inc. (NYSE:AMRC) Director Brian Cox acquired 39,700 shares of the firm’s stock in a transaction on 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 acquisition, the director owned 39,700 shares of the company’s stock, valued at $995,279. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Ameresco Stock Performance

Shares of Ameresco stock opened at $27.77 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $1.47 billion, a P/E ratio of 53.41, a P/E/G ratio of 2.00 and a beta of 2.62. The business has a fifty day simple moving average of $25.48 and a two-hundred day simple moving average of $28.05. Ameresco, Inc. has a 12 month low of $18.38 and a 12 month high of $44.93.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share 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 firm had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. During the same period in the prior year, the firm earned $0.27 EPS. The company’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. On average, equities analysts forecast that Ameresco, Inc. will post 1.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on AMRC shares. Zacks Research raised Ameresco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Robert W. Baird lowered their price objective on Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Cantor Fitzgerald reissued an “overweight” rating on shares of Ameresco in a report on Tuesday, August 4th. Oppenheimer reissued a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th. Finally, Guggenheim started coverage on Ameresco in a research report on Friday, May 22nd. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.33.

Hedge Funds Weigh In On Ameresco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wyoming purchased a new stake in Ameresco during the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Ameresco during the fourth quarter valued at $48,000. Fifth Third Bancorp purchased a new stake in shares of Ameresco during the first quarter valued at $44,000. Summit Securities Group LLC bought a new stake in Ameresco in the 4th quarter worth about $55,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Ameresco in the 4th quarter worth about $69,000. 99.24% of the stock is owned by institutional investors.

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.