25,538 Shares in Ameresco, Inc. $AMRC Bought by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in Ameresco, Inc. (NYSE:AMRC) in the 1st quarter, HoldingsChannel reports. The fund purchased 25,538 shares of the utilities provider’s stock, valued at approximately $651,000.

Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of Ameresco by 170.0% during 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 grew its stake in shares of Ameresco by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,272,601 shares of the utilities provider’s stock valued at $37,274,000 after buying an additional 34,279 shares in the last quarter. Royce & Associates LP grew its stake in shares of Ameresco by 10.7% in the fourth quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock valued at $31,246,000 after buying an additional 102,782 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Ameresco by 503.4% in the fourth quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock valued at $31,240,000 after buying an additional 889,820 shares in the last quarter. Finally, Redwood Grove Capital LLC raised its holdings in shares of Ameresco by 36.0% during the 2nd quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider’s stock valued at $10,327,000 after buying an additional 179,943 shares during the period. 99.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Nickolas Stavropoulos sold 1,355 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $34.00, for a total value of $46,070.00. Following the transaction, the director directly owned 14,111 shares of the company’s stock, valued at $479,774. This represents a 8.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $30.29, for a total value of $302,900.00. Following the transaction, the director owned 25,232 shares of the company’s stock, valued at approximately $764,277.28. This trade represents a 28.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,355 shares of company stock valued at $852,270 in the last three months. Corporate insiders own 45.10% of the company’s stock.

Ameresco Stock Up 11.2%

Shares of NYSE AMRC opened at $20.58 on Friday. 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, Inc. has a 1 year low of $15.52 and a 1 year high of $44.93. The stock’s 50-day simple moving average is $27.25 and its 200-day simple moving average is $28.50. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 1.50 and a beta of 2.60.

Ameresco (NYSE:AMRC) last issued 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). Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The business had revenue of $401.46 million during the quarter, compared to analysts’ expectations of $362.92 million. During the same period in the prior year, the company posted ($0.11) EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. As a group, equities analysts anticipate that Ameresco, Inc. will post 1.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AMRC shares. Cantor Fitzgerald boosted their price target on Ameresco from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th. Robert W. Baird lowered their price objective 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. Weiss Ratings lowered shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. Canaccord Genuity Group boosted their target price on shares of Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Guggenheim initiated coverage on shares of Ameresco in a research note 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.