George Sakellaris Acquires 5,000 Shares of Ameresco (NYSE:AMRC) Stock

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

Ameresco Price Performance

Shares of NYSE:AMRC opened at $27.66 on Thursday. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. Ameresco, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $44.93. The firm has a 50-day simple moving average of $25.58 and a 200 day simple moving average of $28.08. The company has a market cap of $1.46 billion, a PE ratio of 53.19, a P/E/G ratio of 1.89 and a beta of 2.62.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The firm had revenue of $515.46 million for the quarter, compared to analysts’ expectations of $465.18 million. During the same quarter last year, the company posted $0.27 earnings per share. Ameresco’s 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, sell-side analysts anticipate that Ameresco, Inc. will post 1.24 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on AMRC. Guggenheim initiated coverage on Ameresco in a research report on Friday, May 22nd. They set a “neutral” rating for the company. Zacks Research raised Ameresco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. UBS Group boosted their price target 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, Wall Street Zen upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.33.

Hedge Funds Weigh In On Ameresco

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc increased its position in Ameresco by 10.3% in the 4th quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock valued at $13,695,000 after acquiring an additional 43,832 shares during the period. Swedbank AB boosted its position in 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 acquiring an additional 254,000 shares during the period. Royce & Associates LP boosted its position in 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 acquiring an additional 102,782 shares during the period. Handelsbanken Fonder AB grew its stake in shares of Ameresco by 7.5% in the fourth quarter. Handelsbanken Fonder AB now owns 650,836 shares of the utilities provider’s stock worth $19,063,000 after purchasing an additional 45,506 shares in the last quarter. Finally, Penn Capital Management Company LLC grew its stake in shares of Ameresco by 314.0% in the fourth quarter. Penn Capital Management Company LLC now owns 82,659 shares of the utilities provider’s stock worth $2,421,000 after purchasing an additional 62,695 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Company 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.