Insider Buying: Ameresco (NYSE:AMRC) CEO Acquires $21,920.00 in Stock

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average price of $21.92 per share, for a total transaction of $21,920.00. Following the completion of the purchase, the chief executive officer owned 1,006,597 shares in the company, valued at $22,064,606.24. The trade was a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ameresco Trading Down 3.7%

Shares of NYSE:AMRC opened at $22.06 on Friday. The business’s 50-day moving average is $24.60 and its 200 day moving average is $27.50. 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, Inc. has a 1 year low of $18.38 and a 1 year high of $44.93. The firm has a market capitalization of $1.17 billion, a P/E ratio of 42.42, a P/E/G ratio of 1.61 and a beta of 2.62.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The business had revenue of $515.46 million during the quarter, compared to the consensus estimate of $465.18 million. During the same quarter last year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, research analysts predict that Ameresco, Inc. will post 1.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMRC has been the topic of several research analyst reports. Oppenheimer reissued a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $32.00 price target (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. Zacks Research upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Ameresco from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, BNP Paribas Exane raised Ameresco from a “neutral” rating to an “outperform” rating and upped their target price for the company from $34.00 to $40.00 in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.89.

Institutional Investors Weigh In On Ameresco

A number of large investors have recently bought and sold shares of AMRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ameresco by 2.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock worth $1,159,000 after purchasing an additional 799 shares during the period. KBC Group NV lifted its holdings in shares of Ameresco by 0.9% in the 1st quarter. KBC Group NV now owns 97,905 shares of the utilities provider’s stock valued at $2,497,000 after buying an additional 891 shares during the period. State of Wyoming acquired a new position in shares of Ameresco in the 4th quarter valued at about $27,000. Swiss National Bank boosted its stake in shares of Ameresco by 1.6% in the third quarter. Swiss National Bank now owns 63,800 shares of the utilities provider’s stock worth $2,142,000 after buying an additional 1,000 shares during the last quarter. Finally, Kuhn & Co Investment Counsel boosted its stake in shares of Ameresco by 4.6% in the fourth quarter. Kuhn & Co Investment Counsel now owns 22,650 shares of the utilities provider’s stock worth $663,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

About Ameresco

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.