Insider Buying: Ameresco (NYSE:AMRC) Director Buys $100,085.00 in Stock

Ameresco, Inc. (NYSE:AMRC) Director Brian Cox purchased 4,625 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was bought at an average price of $21.64 per share, for a total transaction of $100,085.00. Following the purchase, the director owned 44,325 shares in the company, valued at approximately $959,193. This represents a 11.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ameresco Trading Up 5.2%

Shares of NYSE:AMRC traded up $1.10 during trading on Tuesday, reaching $22.07. The company’s stock had a trading volume of 984,128 shares, compared to its average volume of 838,840. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33. The firm’s 50 day simple moving average is $24.94 and its two-hundred day simple moving average is $27.63. The stock has a market capitalization of $1.17 billion, a PE ratio of 42.44, a price-to-earnings-growth ratio of 1.54 and a beta of 2.62. Ameresco, Inc. has a 12 month low of $18.38 and a 12 month high of $44.93.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $515.46 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. 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. On average, research analysts predict that Ameresco, Inc. will post 1.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMRC. Guggenheim started coverage on Ameresco in a research note on Friday, May 22nd. They issued a “neutral” rating on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a report on Tuesday, August 4th. Cantor Fitzgerald reissued an “overweight” rating on shares of Ameresco in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Finally, Robert W. Baird restated a “neutral” rating and issued a $32.00 price objective (down from $36.00) on shares of Ameresco in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.89.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its stake in Ameresco by 170.0% during the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after purchasing an additional 2,981,689 shares during the last quarter. California State Teachers Retirement System raised its stake in Ameresco by 3,311.5% during the 2nd quarter. California State Teachers Retirement System now owns 1,020,234 shares of the utilities provider’s stock valued at $28,158,000 after purchasing an additional 990,328 shares during the last quarter. First Trust Advisors LP raised its holdings in Ameresco by 503.4% in the 4th quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock valued at $31,240,000 after acquiring an additional 889,820 shares in the last quarter. Swedbank AB lifted its holdings in shares of Ameresco by 74.3% during the 1st quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock worth $16,448,000 after acquiring an additional 275,000 shares during the period. Finally, Invesco Ltd. grew its stake 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 period. 99.24% of the stock is currently owned by institutional investors.

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.