Ameresco (NYSE:AMRC) Shares Down 10.2% Following Insider Selling

Ameresco, Inc. (NYSE:AMRC)’s stock price was down 10.2% during trading on Tuesday after an insider sold shares in the company. The company traded as low as $27.99 and last traded at $27.8470. Approximately 232,585 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 534,627 shares. The stock had previously closed at $31.02.

Specifically, Director Nickolas Stavropoulos sold 1,355 shares of Ameresco stock in a transaction on Friday, May 15th. The shares were sold at an average price of $34.00, for a total transaction of $46,070.00. Following the sale, the director owned 14,111 shares of the company’s stock, valued at $479,774. The trade was a 8.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer L. Miller sold 10,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $32.27, for a total transaction of $322,700.00. Following the completion of the sale, the director owned 22,111 shares of the company’s stock, valued at $713,521.97. This trade represents a 31.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMRC shares. Zacks Research lowered shares of Ameresco from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. UBS Group decreased their target price on shares of Ameresco from $40.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Robert W. Baird lowered their target price on Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Canaccord Genuity Group upped their price target on Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, William Blair raised Ameresco to a “hold” rating in a report on Tuesday, January 27th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ameresco has an average rating of “Hold” and a consensus price target of $42.56.

Ameresco Trading Up 2.3%

The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 1.64. The company’s 50-day moving average is $27.32 and its 200-day moving average is $30.29. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 52.05, a PEG ratio of 2.41 and a beta of 2.55.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.06). The firm had revenue of $401.46 million during the quarter, compared to analyst estimates of $362.92 million. Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Research analysts anticipate that Ameresco, Inc. will post 1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in Ameresco by 170.0% in the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after purchasing an additional 2,981,689 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Ameresco by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock worth $36,711,000 after purchasing an additional 167,068 shares during the period. Royce & Associates LP grew its holdings in shares of Ameresco by 10.7% during the 4th quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock worth $31,246,000 after purchasing an additional 102,782 shares during the period. First Trust Advisors LP increased its position in shares of Ameresco by 503.4% during the 4th quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock worth $31,240,000 after purchasing an additional 889,820 shares during the last quarter. Finally, Granahan Investment Management LLC increased its position in shares of Ameresco by 108.4% during the 3rd quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock worth $29,889,000 after purchasing an additional 462,875 shares during the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

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.