Francis Wisneski, Jr. Sells 10,000 Shares of Ameresco (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) Director Francis Wisneski, Jr. sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $30.29, for a total value of $302,900.00. Following the completion of the sale, the director directly owned 25,232 shares of the company’s stock, valued at approximately $764,277.28. This trade represents a 28.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ameresco Trading Up 2.0%

AMRC opened at $29.51 on Thursday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 50.88, a price-to-earnings-growth ratio of 2.41 and a beta of 2.55. Ameresco, Inc. has a 52 week low of $12.95 and a 52 week high of $44.93. The business’s 50 day moving average is $27.32 and its two-hundred day moving average is $30.29. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 1.64.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.06). The firm had revenue of $401.46 million during the quarter, compared to analyst estimates of $362.92 million. Ameresco had a net margin of 1.59% and a return on equity of 3.33%. Ameresco’s revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, research analysts predict that Ameresco, Inc. will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Ameresco by 318.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 107,788 shares of the utilities provider’s stock valued at $3,620,000 after acquiring an additional 82,015 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Ameresco by 197.6% in the third quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock valued at $32,371,000 after purchasing an additional 640,106 shares in the last quarter. Erste Asset Management GmbH grew its position in shares of Ameresco by 41.2% in the third quarter. Erste Asset Management GmbH now owns 154,019 shares of the utilities provider’s stock valued at $5,261,000 after purchasing an additional 44,949 shares during the last quarter. Swedbank AB increased its stake in shares of 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 purchasing an additional 254,000 shares in the last quarter. Finally, Portolan Capital Management LLC purchased a new position in shares of Ameresco during the 3rd quarter worth approximately $5,873,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on AMRC. Zacks Research cut shares of Ameresco from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Weiss Ratings cut Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. B. Riley Financial upped their price objective on Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $38.00 target price (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Finally, Cantor Fitzgerald boosted their target price on Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.56.

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.