Gagnon Securities LLC Has $24.40 Million Stake in Ameresco, Inc. $AMRC

Gagnon Securities LLC lowered its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 3.1% in the fourth quarter, Holdings Channel reports. The firm owned 832,884 shares of the utilities provider’s stock after selling 26,525 shares during the period. Ameresco comprises about 5.0% of Gagnon Securities LLC’s holdings, making the stock its 5th biggest position. Gagnon Securities LLC’s holdings in Ameresco were worth $24,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Royce & Associates LP boosted its position in shares of Ameresco by 197.6% in the third quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock valued at $32,371,000 after acquiring an additional 640,106 shares during the period. Legal & General Group Plc boosted its position 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 acquiring an additional 43,832 shares during the period. Swedbank AB boosted its position in shares of 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. Erste Asset Management GmbH boosted its position in shares of Ameresco by 41.2% in the third quarter. Erste Asset Management GmbH now owns 154,019 shares of the utilities provider’s stock valued at $5,261,000 after acquiring an additional 44,949 shares during the period. Finally, Portolan Capital Management LLC bought a new stake in shares of Ameresco in the third quarter valued at approximately $5,873,000. 99.24% of the stock is owned by institutional investors.

Ameresco Stock Performance

Ameresco stock opened at $28.11 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48. The stock has a fifty day moving average price of $29.15 and a two-hundred day moving average price of $30.02. Ameresco, Inc. has a 52-week low of $14.08 and a 52-week high of $44.93. The firm has a market capitalization of $1.49 billion, a P/E ratio of 48.47, a P/E/G ratio of 2.30 and a beta of 2.58.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.06). Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The company had revenue of $401.46 million for the quarter, compared to analyst estimates of $362.92 million. During the same quarter in the prior year, the company earned ($0.11) earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. As a group, analysts anticipate that Ameresco, Inc. will post 1.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ameresco news, Director Jennifer L. Miller sold 10,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $32.27, for a total transaction of $322,700.00. Following the completion of the transaction, the director directly owned 22,111 shares in the company, valued at $713,521.97. This represents a 31.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nickolas Stavropoulos sold 1,355 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $34.00, for a total value of $46,070.00. Following the completion of the sale, the director owned 14,111 shares of the company’s stock, valued at approximately $479,774. This trade represents a 8.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 26,355 shares of company stock worth $852,270 over the last three months. 45.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMRC shares. Zacks Research raised Ameresco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $38.00 price objective (up from $37.00) on shares of Ameresco in a research report on Wednesday, March 11th. Weiss Ratings cut Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. B. Riley Financial increased their price objective on Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, Guggenheim assumed coverage on Ameresco in a research report on Friday, May 22nd. They issued a “neutral” rating for the company. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ameresco has an average rating of “Hold” and an average target price of $42.56.

Ameresco 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.