George Sakellaris Purchases 3,000 Shares of Ameresco (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris acquired 3,000 shares of Ameresco stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average price of $22.13 per share, for a total transaction of $66,390.00. Following the completion of the purchase, the chief executive officer directly owned 1,013,597 shares of the company’s stock, valued at $22,430,901.61. The trade was a 0.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ameresco Stock Down 3.5%

AMRC stock opened at $21.82 on Thursday. 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, Inc. has a 1-year low of $18.38 and a 1-year high of $44.93. The firm has a fifty day moving average price of $24.24 and a two-hundred day moving average price of $27.24. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 41.96, a PEG ratio of 1.68 and a beta of 2.63.

Ameresco (NYSE:AMRC) last posted its quarterly 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 company had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. During the same period last year, the firm posted $0.27 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Research analysts predict that Ameresco, Inc. will post 1.22 EPS for the current year.

Institutional Investors Weigh In On Ameresco

Institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new stake in shares of Ameresco during the 1st quarter worth about $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 worth $513,000 after purchasing an additional 884 shares during the period. Goldman Sachs Group Inc. boosted its stake in Ameresco by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider’s stock valued at $2,687,000 after purchasing an additional 42,499 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Ameresco in the 1st quarter worth $1,187,000. Finally, Creative Planning acquired a new stake in shares of Ameresco in the second quarter valued at $153,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMRC. Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Oppenheimer restated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. BNP Paribas Exane upgraded Ameresco from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $34.00 to $40.00 in a research note on Tuesday, August 4th. Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $32.00 target price (down from $36.00) on shares of Ameresco in a research note on Tuesday, August 18th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.89.

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.