Wellington Management Group LLP Trims Holdings in Ameresco, Inc. $AMRC

Wellington Management Group LLP lowered its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 4.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,374,767 shares of the utilities provider’s stock after selling 166,810 shares during the period. Wellington Management Group LLP owned approximately 6.36% of Ameresco worth $93,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in Ameresco during the fourth quarter worth $27,000. Fifth Third Bancorp acquired a new stake in shares of Ameresco in the first quarter valued at $44,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ameresco in the fourth quarter valued at $48,000. Tower Research Capital LLC TRC raised its holdings in shares of Ameresco by 99.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,754 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in shares of Ameresco in the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Stock Performance

Shares of AMRC opened at $22.58 on Wednesday. The stock has a 50 day moving average price of $24.36 and a 200 day moving average price of $27.31. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 43.42, a price-to-earnings-growth ratio of 1.65 and a beta of 2.63. Ameresco, Inc. has a 52-week low of $18.38 and a 52-week high of $44.93.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Guggenheim initiated coverage on Ameresco in a report on Friday, May 22nd. They set a “neutral” rating for the company. Weiss Ratings upgraded shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Robert W. Baird reissued a “neutral” rating and set a $32.00 price target (down from $36.00) on shares of Ameresco in a research report on Tuesday, August 18th. Wall Street Zen raised shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, BNP Paribas Exane upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $34.00 to $40.00 in a 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $41.89.

Insider Buying and Selling at Ameresco

In other news, Director Joseph W. Sutton acquired 9,700 shares of the company’s stock in a transaction on Monday, August 24th. The shares were bought at an average cost of $20.87 per share, with a total value of $202,439.00. Following the purchase, the director owned 80,246 shares of the company’s stock, valued at $1,674,734.02. This represents a 13.75% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jennifer L. Miller purchased 2,000 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were purchased at an average price of $20.96 per share, for a total transaction of $41,920.00. Following the completion of the purchase, the director owned 34,546 shares of the company’s stock, valued at approximately $724,084.16. This trade represents a 6.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 75,025 shares of company stock worth $1,778,963 in the last quarter. 45.10% of the stock is currently owned by company insiders.

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.