Ameresco (NYSE:AMRC) Shares Gap Up Following Insider Buying Activity

Ameresco, Inc. (NYSE:AMRC)’s stock price gapped up prior to trading on Wednesday after an insider bought additional shares in the company. The stock had previously closed at $22.07, but opened at $22.85. Ameresco shares last traded at $22.68, with a volume of 53,358 shares trading hands.

Specifically, Director Brian C. Cox bought 4,625 shares of the business’s stock in a transaction on Friday, August 21st. The stock was acquired at an average price of $21.64 per share, with a total value of $100,085.00. Following the transaction, the director owned 44,325 shares in the company, valued at approximately $959,193. This trade represents a 11.65% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Analysts Set New Price Targets

AMRC has been the topic of several research analyst reports. Oppenheimer reissued a “market perform” rating on shares of Ameresco in a report on Tuesday, August 4th. UBS Group increased their target price on Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Robert W. Baird restated a “neutral” rating and set a $32.00 price target (down from $36.00) on shares of Ameresco in a research note on Tuesday, August 18th. Weiss Ratings raised shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Finally, Canaccord Genuity Group increased their price objective on shares of Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ameresco presently has an average rating of “Moderate Buy” and a consensus target price of $42.89.

Ameresco Price Performance

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 stock has a market cap of $1.20 billion, a P/E ratio of 43.62, a P/E/G ratio of 1.54 and a beta of 2.62. The firm has a 50 day moving average price of $24.94 and a 200 day moving average price of $27.63.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $515.46 million during 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%.The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, analysts forecast that Ameresco, Inc. will post 1.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Ameresco

Hedge funds have recently modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Ameresco by 170.0% in the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after purchasing an additional 2,981,689 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $36,711,000 after buying an additional 167,068 shares in the last quarter. Royce & Associates LP boosted its holdings in Ameresco by 10.7% in the 4th quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock worth $31,246,000 after buying an additional 102,782 shares during the period. First Trust Advisors LP boosted its holdings 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 buying an additional 889,820 shares during the period. Finally, California State Teachers Retirement System increased its stake in Ameresco by 3,311.5% in the 2nd quarter. California State Teachers Retirement System now owns 1,020,234 shares of the utilities provider’s stock worth $28,158,000 after buying an additional 990,328 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors.

About Ameresco

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.