Ameresco (NYSE:AMRC) CEO Purchases $129,750.00 in Stock

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris acquired 5,000 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was purchased at an average cost of $25.95 per share, with a total value of $129,750.00. Following the completion of the purchase, the chief executive officer directly owned 993,597 shares of the company’s stock, valued at approximately $25,783,842.15. This represents a 0.51% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ameresco Trading Up 2.9%

Shares of AMRC stock traded up $0.72 on Tuesday, hitting $26.00. The stock had a trading volume of 427,306 shares, compared to its average volume of 703,757. The company’s 50 day moving average price is $25.68 and its 200-day moving average price is $28.12. Ameresco, Inc. has a 1 year low of $18.38 and a 1 year high of $44.93. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. The firm has a market capitalization of $1.38 billion, a P/E ratio of 50.01, a P/E/G ratio of 1.85 and a beta of 2.62.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $515.46 million during the quarter, compared to the consensus estimate of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.Ameresco’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Analysts anticipate that Ameresco, Inc. will post 1.24 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on AMRC shares. Weiss Ratings upgraded shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Ameresco in a research report on Tuesday, August 4th. Oppenheimer reissued a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. UBS Group raised their target price on shares of Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Guggenheim assumed coverage on shares of Ameresco in a research report on Friday, May 22nd. They set a “neutral” rating for the company. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

Institutional Trading of Ameresco

Several institutional investors have recently modified their holdings of AMRC. Wellington Management Group LLP grew its position in shares of Ameresco by 170.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after buying an additional 2,981,689 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Ameresco by 503.4% during the fourth 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. Swedbank AB increased its position in shares of Ameresco by 74.3% during the first quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock worth $16,448,000 after purchasing an additional 275,000 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Ameresco by 54.7% in the 3rd quarter. Invesco Ltd. now owns 575,173 shares of the utilities provider’s stock valued at $19,314,000 after purchasing an additional 203,374 shares during the last quarter. Finally, Redwood Grove Capital LLC boosted its position in shares of Ameresco by 36.0% in the 2nd quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider’s stock valued at $10,327,000 after purchasing an additional 179,943 shares during the period. 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.