Connors Investor Services Inc. Has $3.67 Million Stock Position in Ameresco, Inc. $AMRC

Connors Investor Services Inc. lowered its position in shares of Ameresco, Inc. (NYSE:AMRC) by 20.0% in the fourth quarter, HoldingsChannel reports. The firm owned 125,409 shares of the utilities provider’s stock after selling 31,417 shares during the period. Connors Investor Services Inc.’s holdings in Ameresco were worth $3,673,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMRC. Wellington Management Group LLP increased its position in shares of Ameresco by 170.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after purchasing an additional 2,981,689 shares in the last quarter. Royce & Associates LP increased its position in shares of Ameresco by 197.6% during the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock worth $32,371,000 after purchasing an additional 640,106 shares in the last quarter. 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 in the last quarter. Handelsbanken Fonder AB increased its position in shares of Ameresco by 91.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 605,330 shares of the utilities provider’s stock worth $20,327,000 after purchasing an additional 289,381 shares in the last quarter. Finally, Swedbank AB increased its position in shares of Ameresco by 219.0% during the 4th quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock worth $10,837,000 after purchasing an additional 254,000 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Insider Transactions at Ameresco

In other news, Director Nickolas Stavropoulos sold 1,355 shares of Ameresco stock in a transaction that occurred 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 completion of the sale, the director owned 14,111 shares in the company, valued at $479,774. The trade was a 8.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 10,000 shares of Ameresco stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $30.29, for a total transaction of $302,900.00. Following the sale, the director owned 25,232 shares of the company’s stock, valued at approximately $764,277.28. This represents a 28.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 21,730 shares of company stock worth $681,213 in the last quarter. 44.96% of the stock is owned by company insiders.

Ameresco Trading Up 5.3%

AMRC opened at $31.82 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $1.68 billion, a PE ratio of 54.86, a PEG ratio of 2.62 and a beta of 2.55. Ameresco, Inc. has a 1-year low of $12.96 and a 1-year high of $44.93. The firm has a 50-day moving average price of $27.52 and a two-hundred day moving average price of $30.24.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data 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). Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The company had revenue of $401.46 million during the quarter, compared to analyst estimates of $362.92 million. During the same quarter in the previous year, the business posted ($0.11) EPS. The company’s revenue was up 13.8% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. As a group, equities analysts anticipate that Ameresco, Inc. will post 1.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMRC shares. Zacks Research cut shares of Ameresco from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Cantor Fitzgerald raised their price objective on shares of Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday. William Blair upgraded shares of Ameresco to a “hold” rating in a research report on Tuesday, January 27th. Weiss Ratings cut shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Finally, B. Riley Financial raised their price objective on shares of Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Ameresco has an average rating of “Hold” and an average target price of $42.56.

Ameresco 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.