Insider Buying: Ameresco (NYSE:AMRC) CEO Acquires $25,270.00 in Stock

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris purchased 1,000 shares of the stock in a transaction dated Monday, August 10th. The shares were purchased at an average cost of $25.27 per share, for a total transaction of $25,270.00. Following the completion of the acquisition, the chief executive officer directly owned 994,597 shares in the company, valued at approximately $25,133,466.19. This trade represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ameresco Stock Performance

Shares of AMRC opened at $27.77 on Friday. 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 one year low of $18.38 and a one year high of $44.93. The firm has a market capitalization of $1.47 billion, a P/E ratio of 53.41, a PEG ratio of 2.00 and a beta of 2.62. The business has a fifty day moving average of $25.48 and a 200 day moving average of $28.05.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.Ameresco’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, sell-side analysts anticipate that Ameresco, Inc. will post 1.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on AMRC shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Ameresco in a report on Tuesday, August 4th. Guggenheim initiated coverage on shares of Ameresco in a research report on Friday, May 22nd. They set a “neutral” rating for the company. Canaccord Genuity Group boosted their price objective 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. UBS Group upped their price objective on Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Hedge Funds Weigh In On Ameresco

Several large investors have recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in shares of Ameresco in the fourth quarter worth $27,000. Fifth Third Bancorp purchased a new position in shares of Ameresco during the 1st quarter valued at $44,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Ameresco during the 4th quarter valued at $48,000. Tower Research Capital LLC TRC boosted its holdings in Ameresco by 99.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after buying an additional 1,754 shares during the period. Finally, Summit Securities Group LLC bought a new position in Ameresco in the 4th quarter worth $55,000. Hedge funds and other institutional investors 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.