Royce & Associates LP Buys 102,782 Shares of Ameresco, Inc. $AMRC

Royce & Associates LP increased its stake in Ameresco, Inc. (NYSE:AMRC) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,066,792 shares of the utilities provider’s stock after acquiring an additional 102,782 shares during the quarter. Royce & Associates LP’s holdings in Ameresco were worth $31,246,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ameresco in the 3rd quarter valued at $76,000. Nkcfo LLC bought a new stake in shares of Ameresco in the 3rd quarter valued at $107,000. Tower Research Capital LLC TRC increased its stake in shares of Ameresco by 99.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 1,754 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of Ameresco in the 3rd quarter valued at $201,000. Finally, EHP Funds Inc. bought a new stake in shares of Ameresco in the 3rd quarter valued at $215,000. Institutional investors own 99.24% of the company’s stock.

Ameresco Stock Performance

Shares of AMRC stock opened at $31.82 on Tuesday. The firm has a market capitalization of $1.68 billion, a PE ratio of 54.86, a price-to-earnings-growth ratio of 2.62 and a beta of 2.55. The firm has a fifty day simple moving average of $27.63 and a two-hundred day simple moving average of $30.14. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. Ameresco, Inc. has a 12 month low of $12.96 and a 12 month high of $44.93.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on AMRC. Guggenheim began coverage on shares of Ameresco in a research note on Friday. They issued a “neutral” rating for the company. Cantor Fitzgerald lifted their price objective on shares of Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Zacks Research lowered shares of Ameresco from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. William Blair upgraded shares of Ameresco to a “hold” rating in a research note on Tuesday, January 27th. Finally, Robert W. Baird decreased their price target on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ameresco currently has a consensus rating of “Hold” and an average price target of $42.56.

Insiders Place Their Bets

In other Ameresco news, Director Francis V. Wisneski, Jr. sold 10,000 shares of Ameresco stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $30.29, for a total transaction of $302,900.00. Following the transaction, the director directly owned 25,232 shares of the company’s stock, valued at $764,277.28. The trade was a 28.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nickolas Stavropoulos sold 1,355 shares of Ameresco stock in a transaction on Friday, May 15th. The stock was sold at an average price of $34.00, for a total transaction of $46,070.00. Following the transaction, the director directly owned 14,111 shares in the company, valued at $479,774. This represents a 8.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,730 shares of company stock valued at $681,213 in the last three months. 44.96% of the stock is currently owned by insiders.

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.