Ameresco (NYSE:AMRC) Insider Louis Maltezos Sells 592 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) insider Louis Maltezos sold 592 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $22.46, for a total value of $13,296.32. Following the transaction, the insider owned 33,628 shares in the company, valued at approximately $755,284.88. This represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ameresco Price Performance

NYSE:AMRC opened at $23.77 on Friday. Ameresco, Inc. has a one year low of $18.38 and a one year high of $44.93. The stock has a market cap of $1.26 billion, a PE ratio of 45.72, a P/E/G ratio of 1.70 and a beta of 2.63. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. The stock has a 50 day moving average price of $23.53 and a 200 day moving average price of $26.49.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The company had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. During the same period in the prior year, the business earned $0.27 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Equities research analysts expect that Ameresco, Inc. will post 1.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMRC. Oppenheimer reissued a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th. Robert W. Baird restated a “neutral” rating and issued a $32.00 price objective (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. BNP Paribas Exane raised shares of Ameresco from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $34.00 to $40.00 in a research note on Tuesday, August 4th. Jefferies Financial Group raised shares of Ameresco to a “strong-buy” rating in a research note on Thursday, September 3rd. Finally, Weiss Ratings raised shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ameresco has a consensus rating of “Moderate Buy” and a consensus target price of $41.89.

Institutional Trading of Ameresco

Several hedge funds have recently made changes to their positions in the business. WINTON GROUP Ltd acquired a new position in shares of Ameresco in the second quarter valued at approximately $261,000. Engineers Gate Manager LP acquired a new stake in Ameresco during the 2nd quarter worth approximately $1,124,000. Raiffeisen Bank International AG purchased a new position in Ameresco in the 2nd quarter valued at approximately $2,657,000. Northside Capital Management LLC purchased a new position in Ameresco in the 2nd quarter valued at approximately $207,000. Finally, Handelsbanken Fonder AB grew its stake in shares of Ameresco by 5.3% in the second quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock worth $23,680,000 after acquiring an additional 42,826 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

About Ameresco

Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.

Ameresco’s services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.