Insider Buying: Ameresco (NYSE:AMRC) Director Acquires $995,279.00 in Stock

Ameresco, Inc. (NYSE:AMRC) Director Brian Cox purchased 39,700 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was purchased at an average cost of $25.07 per share, with a total value of $995,279.00. Following the purchase, the director owned 39,700 shares in the company, valued at approximately $995,279. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ameresco Trading Up 2.9%

Shares of AMRC stock traded up $0.72 during trading on Tuesday, hitting $26.00. 427,306 shares of the stock traded hands, compared to its average volume of 703,757. Ameresco, Inc. has a 52-week low of $18.38 and a 52-week high of $44.93. The firm has a market capitalization of $1.38 billion, a P/E ratio of 50.01, a price-to-earnings-growth ratio of 1.85 and a beta of 2.62. The firm’s fifty day moving average price is $25.68 and its 200-day moving average price is $28.12. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new stake in Ameresco in the 1st quarter valued at about $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ameresco by 2.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider’s stock valued at $513,000 after acquiring an additional 884 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Ameresco by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider’s stock worth $2,687,000 after acquiring an additional 42,499 shares during the last quarter. Empowered Funds LLC acquired a new position in Ameresco during the 1st quarter worth approximately $1,187,000. Finally, Creative Planning purchased a new stake in shares of Ameresco in the 2nd quarter valued at approximately $153,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMRC has been the subject of a number of recent analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. Guggenheim began coverage on Ameresco in a research note on Friday, May 22nd. They set a “neutral” rating on the stock. Wall Street Zen upgraded Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday. Cantor Fitzgerald reiterated an “overweight” rating on shares of Ameresco in a report on Tuesday, August 4th. Finally, UBS Group raised their target price on Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.33.

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.