Ameresco (NYSE:AMRC) CEO Buys $104,550.00 in Stock

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was bought at an average cost of $20.91 per share, for a total transaction of $104,550.00. Following the purchase, the chief executive officer owned 1,000,597 shares in the company, valued at $20,922,483.27. This trade represents a 0.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ameresco Trading Up 0.3%

Shares of Ameresco stock traded up $0.06 during trading on Wednesday, reaching $22.13. 639,842 shares of the company were exchanged, compared to its average volume of 592,515. 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 twelve month low of $18.38 and a twelve month high of $44.93. The business has a 50-day moving average price of $24.94 and a 200-day moving average price of $27.63. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 42.56, a P/E/G ratio of 1.54 and a beta of 2.62.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The business had revenue of $515.46 million during the quarter, compared to the consensus estimate of $465.18 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The firm’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. Sell-side analysts anticipate that Ameresco, Inc. will post 1.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMRC has been the topic of a number of analyst reports. Zacks Research upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. UBS Group increased their target price on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Oppenheimer reissued a “market perform” rating on shares of Ameresco in a research 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 issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.89.

Institutional Investors Weigh In On Ameresco

Several large investors have recently modified their holdings of AMRC. Wellington Management Group LLP raised its position in shares of Ameresco by 170.0% during the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after purchasing an additional 2,981,689 shares during the period. California State Teachers Retirement System grew its position in shares of Ameresco by 3,311.5% in 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 period. First Trust Advisors LP raised its holdings in Ameresco by 503.4% during the 4th quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock worth $31,240,000 after buying an additional 889,820 shares during the period. Swedbank AB lifted its stake in Ameresco by 74.3% in the first quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock valued at $16,448,000 after buying an additional 275,000 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Ameresco by 54.7% in the third quarter. Invesco Ltd. now owns 575,173 shares of the utilities provider’s stock valued at $19,314,000 after buying an additional 203,374 shares during the period. 99.24% of the stock is currently owned by institutional investors.

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.