Rock Point Advisors LLC Sells 58,230 Shares of Ameresco, Inc. $AMRC

Rock Point Advisors LLC trimmed its holdings in Ameresco, Inc. (NYSE:AMRC) by 23.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 191,787 shares of the utilities provider’s stock after selling 58,230 shares during the quarter. Ameresco comprises about 1.4% of Rock Point Advisors LLC’s holdings, making the stock its 28th biggest holding. Rock Point Advisors LLC’s holdings in Ameresco were worth $5,617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMRC. AQR Capital Management LLC bought a new position in Ameresco in the 1st quarter valued at $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ameresco by 2.1% during 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. increased its holdings in Ameresco by 23.6% in the first 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 during the last quarter. Empowered Funds LLC bought a new stake in Ameresco in the first quarter valued at about $1,187,000. Finally, Creative Planning acquired a new position in Ameresco in the second quarter valued at about $153,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Stock Performance

Shares of Ameresco stock opened at $29.28 on Wednesday. The stock’s fifty day simple moving average is $26.94 and its 200 day simple moving average is $30.70. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $1.55 billion, a PE ratio of 50.49, a PEG ratio of 2.54 and a beta of 2.55. Ameresco, Inc. has a 12 month low of $12.95 and a 12 month high of $44.93.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The business had revenue of $401.46 million during the quarter, compared to analyst estimates of $362.92 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, research analysts predict that Ameresco, Inc. will post 1.09 EPS for the current year.

Insider Activity

In related news, Director Nickolas Stavropoulos sold 15,700 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $34.15, for a total value of $536,155.00. Following the completion of the transaction, the director directly owned 14,111 shares in the company, valued at approximately $481,890.65. The trade was a 52.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 16,920 shares of company stock valued at $574,440. 44.96% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. William Blair upgraded Ameresco to a “hold” rating in a report on Tuesday, January 27th. Canaccord Genuity Group upped their price target on Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Ameresco in a research report on Wednesday, March 4th. Robert W. Baird reduced their price objective on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Finally, Zacks Research cut shares of Ameresco from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $42.11.

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.