Insider Buying: Ameresco (NYSE:AMRC) CEO Buys $66,390.00 in Stock

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris acquired 3,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was bought at an average price of $22.13 per share, with a total value of $66,390.00. Following the completion of the acquisition, the chief executive officer directly owned 1,013,597 shares in the company, valued at approximately $22,430,901.61. This represents a 0.30% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ameresco Trading Up 4.4%

NYSE:AMRC opened at $22.77 on Friday. The company has a 50-day moving average price of $24.14 and a 200-day moving average price of $27.16. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 43.79, a P/E/G ratio of 1.63 and a beta of 2.63. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33. Ameresco, Inc. has a 12 month low of $18.38 and a 12 month high of $44.93.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The company had revenue of $515.46 million during the quarter, compared to the consensus estimate of $465.18 million. During the same period in the prior year, the firm earned $0.27 earnings per share. Ameresco’s 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 analysts predict that Ameresco, Inc. will post 1.22 EPS for the current year.

Hedge Funds Weigh In On Ameresco

A number of institutional investors and hedge funds have recently made changes to their positions in AMRC. AQR Capital Management LLC bought a new stake in shares of Ameresco in the 1st quarter worth approximately $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ameresco by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider’s stock valued at $513,000 after buying an additional 884 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Ameresco by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider’s stock valued at $2,687,000 after buying an additional 42,499 shares in the last quarter. Empowered Funds LLC purchased a new position in Ameresco during the first quarter valued at $1,187,000. Finally, Creative Planning purchased a new position in Ameresco during the second quarter valued at $153,000. Institutional investors own 99.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Cantor Fitzgerald decreased their target price on Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, August 27th. BNP Paribas Exane raised Ameresco from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $34.00 to $40.00 in a research note on Tuesday, August 4th. Canaccord Genuity Group upped their price target on Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. UBS Group increased their price objective on Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Zacks Research raised Ameresco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.89.

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.