Ameresco (NYSE:AMRC) Director Nickolas Stavropoulos Sells 1,355 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) Director Nickolas Stavropoulos sold 1,355 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $34.00, for a total transaction of $46,070.00. Following the completion of the sale, the director directly owned 14,111 shares of the company’s stock, valued at $479,774. The trade was a 8.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nickolas Stavropoulos also recently made the following trade(s):

• On Thursday, February 19th, Nickolas Stavropoulos sold 400 shares of Ameresco stock. The stock was sold at an average price of $34.00, for a total transaction of $13,600.00.
• On Friday, February 20th, Nickolas Stavropoulos sold 15,700 shares of Ameresco stock. The stock was sold at an average price of $34.15, for a total transaction of $536,155.00.

Ameresco Trading Down 6.5%

Shares of AMRC stock opened at $29.01 on Wednesday. Ameresco, Inc. has a 52-week low of $12.95 and a 52-week high of $44.93. The company has a 50-day simple moving average of $27.26 and a two-hundred day simple moving average of $30.36. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 50.01, a PEG ratio of 2.58 and a beta of 2.55. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.49.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share 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 company had revenue of $401.46 million for the quarter, compared to the consensus estimate of $362.92 million. During the same period in the prior year, the company earned ($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. Research analysts anticipate that Ameresco, Inc. will post 1.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Canaccord Genuity Group increased their target price on shares of Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Robert W. Baird reduced their target price on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Zacks Research downgraded shares of Ameresco from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Cantor Fitzgerald increased their target price on shares of Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Stifel Nicolaus reissued a “buy” rating and set a $38.00 target price (up from $37.00) on shares of Ameresco in a research report on Wednesday, March 11th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.56.

Institutional Trading of Ameresco

A number of institutional investors have recently modified their holdings of AMRC. Wellington Management Group LLP lifted its stake in shares of Ameresco by 170.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after buying an additional 2,981,689 shares in the last quarter. First Trust Advisors LP lifted its stake in Ameresco by 503.4% in the 4th quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock worth $31,240,000 after purchasing an additional 889,820 shares in the last quarter. Royce & Associates LP lifted its stake in Ameresco by 197.6% in the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock worth $32,371,000 after purchasing an additional 640,106 shares in the last quarter. Granahan Investment Management LLC lifted its stake in Ameresco by 108.4% in the 3rd quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock worth $29,889,000 after purchasing an additional 462,875 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Ameresco by 91.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 605,330 shares of the utilities provider’s stock valued at $20,327,000 after buying an additional 289,381 shares in the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

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.