Ameresco (NYSE:AMRC) Director Jennifer Miller Acquires 2,000 Shares

Ameresco, Inc. (NYSE:AMRC) Director Jennifer Miller acquired 2,000 shares of Ameresco stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average price of $20.96 per share, with a total value of $41,920.00. Following the completion of the purchase, the director directly owned 34,546 shares in the company, valued at $724,084.16. This represents a 6.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Ameresco Price Performance

NYSE AMRC traded up $0.06 during trading on Wednesday, reaching $22.13. The company’s stock had a trading volume of 639,842 shares, compared to its average volume of 592,515. The stock has a market capitalization of $1.17 billion, a PE ratio of 42.56, a P/E/G ratio of 1.54 and a beta of 2.62. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. The firm has a fifty day moving average of $24.94 and a 200 day moving average of $27.63. Ameresco, Inc. has a one year low of $18.38 and a one year high of $44.93.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting the consensus estimate 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 analysts’ expectations of $465.18 million. During the same period in the prior year, the business earned $0.27 earnings per share. Ameresco’s revenue for the quarter was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Analysts expect that Ameresco, Inc. will post 1.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Canaccord Genuity Group increased their target price on shares of Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. BNP Paribas Exane upgraded Ameresco from a “neutral” rating to an “outperform” rating and increased their target price for the company from $34.00 to $40.00 in a report on Tuesday, August 4th. UBS Group raised their price target on Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $32.00 price target (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 given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.89.

Institutional Trading of Ameresco

Institutional investors have recently modified their holdings of the company. State of Wyoming bought a new stake in shares of Ameresco in the fourth quarter worth about $27,000. Fifth Third Bancorp bought a new stake in shares of Ameresco in the 1st quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Ameresco during the fourth quarter valued at approximately $48,000. Tower Research Capital LLC TRC increased its stake in shares of Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,754 shares during the period. Finally, Summit Securities Group LLC bought a new position in shares of Ameresco during the fourth quarter valued at approximately $55,000. 99.24% of the stock is currently owned by hedge funds and other 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.