Ameresco (NYSE:AMRC) Director Brian Cox Acquires 4,625 Shares

Ameresco, Inc. (NYSE:AMRC) Director Brian Cox bought 4,625 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were acquired at an average price of $21.64 per share, with a total value of $100,085.00. Following the purchase, the director owned 44,325 shares in the company, valued at $959,193. This trade represents a 11.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ameresco Stock Performance

Shares of NYSE AMRC opened at $22.07 on Wednesday. Ameresco, Inc. has a 12 month low of $18.38 and a 12 month high of $44.93. The company has a market cap of $1.17 billion, a P/E ratio of 42.44, a P/E/G ratio of 1.54 and a beta of 2.62. The business’s 50 day moving average is $24.94 and its two-hundred day moving average is $27.63. 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 (NYSE:AMRC) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The company had revenue of $515.46 million during 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. On average, equities analysts expect that Ameresco, Inc. will post 1.24 EPS for the current year.

Institutional Trading of Ameresco

Large investors have recently bought and sold shares of the stock. California State Teachers Retirement System raised its stake in Ameresco by 3,311.5% during the second quarter. California State Teachers Retirement System now owns 1,020,234 shares of the utilities provider’s stock worth $28,158,000 after acquiring an additional 990,328 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Ameresco in the 2nd quarter valued at $2,657,000. Northside Capital Management LLC bought a new stake in shares of Ameresco in the 2nd quarter worth about $207,000. Handelsbanken Fonder AB grew its holdings in shares of Ameresco by 5.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock worth $23,680,000 after purchasing an additional 42,826 shares during the last quarter. Finally, Optiver Holding B.V. increased its position in shares of Ameresco by 550.8% during the 1st quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 2,005 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMRC has been the subject of a number of research reports. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. Canaccord Genuity Group raised their target price on Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Zacks Research upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Cantor Fitzgerald reissued an “overweight” rating on shares of Ameresco in a report on Tuesday, August 4th. Finally, Weiss Ratings raised shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.89.

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.