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

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris purchased 3,000 shares of Ameresco stock in a transaction on Friday, August 28th. The stock was bought at an average cost of $22.13 per share, for a total transaction of $66,390.00. Following the transaction, the chief executive officer directly owned 1,013,597 shares in the company, valued at $22,430,901.61. This represents a 0.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ameresco Stock Up 0.5%

Shares of Ameresco stock opened at $22.09 on Tuesday. Ameresco, Inc. has a 52-week low of $18.38 and a 52-week high of $44.93. The company has a 50 day moving average of $24.46 and a 200 day moving average of $27.39. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $1.17 billion, a P/E ratio of 42.48, a P/E/G ratio of 1.64 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 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analysts’ expectations of $465.18 million. During the same period in the prior year, the firm posted $0.27 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, research analysts forecast that Ameresco, Inc. will post 1.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on AMRC shares. Guggenheim assumed coverage on shares of Ameresco in a research note on Friday, May 22nd. They issued a “neutral” rating on the stock. Zacks Research upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $32.00 target price (down from $36.00) on shares of Ameresco in a research report on Tuesday, August 18th. Canaccord Genuity Group boosted their price target on shares of Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Finally, Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.89.

Institutional Investors Weigh In On Ameresco

A number of hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in shares of Ameresco by 10.3% in the fourth quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock valued at $13,695,000 after buying an additional 43,832 shares in the last quarter. Swedbank AB lifted its holdings in Ameresco by 219.0% in the fourth quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock valued at $10,837,000 after acquiring an additional 254,000 shares during the period. Royce & Associates LP boosted its position in shares of Ameresco by 10.7% during the 4th quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock worth $31,246,000 after purchasing an additional 102,782 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ameresco by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock worth $36,711,000 after purchasing an additional 167,068 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in shares of Ameresco by 7.5% during the 4th quarter. Handelsbanken Fonder AB now owns 650,836 shares of the utilities provider’s stock worth $19,063,000 after purchasing an additional 45,506 shares during the period. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.