Ameresco, Inc. (NYSE:AMRC - Get Free Report) Director Brian Cox bought 4,625 shares of Ameresco stock in a transaction dated Friday, August 21st. The stock was acquired at an average cost of $21.64 per share, for a total transaction of $100,085.00. Following the completion of the acquisition, the director directly owned 44,325 shares in the company, valued at $959,193. This represents a 11.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Ameresco Stock Up 5.2%
NYSE AMRC opened at $22.07 on Wednesday. The stock's 50 day simple moving average is $24.94 and its 200 day simple moving average is $27.63. Ameresco, Inc. has a one year low of $18.38 and a one year high of $44.93. The firm has a market cap of $1.17 billion, a PE ratio of 42.44, a price-to-earnings-growth ratio of 1.54 and a beta of 2.62. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66.
Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, hitting analysts' consensus estimates of $0.20. The company had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The business's revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, sell-side analysts forecast that Ameresco, Inc. will post 1.24 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have commented on AMRC. Wall Street Zen raised shares of Ameresco from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Zacks Research upgraded shares of Ameresco from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Canaccord Genuity Group upped their target price on shares of Ameresco from $59.00 to $62.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Oppenheimer reissued a "market perform" rating on shares of Ameresco in a research note on Tuesday, August 4th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Ameresco in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.89.
Check Out Our Latest Stock Analysis on Ameresco
Institutional Trading of Ameresco
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMRC. Wellington Management Group LLP raised its holdings in Ameresco by 170.0% during the 3rd 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 during the last quarter. California State Teachers Retirement System boosted its stake in shares of 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 valued at $28,158,000 after purchasing an additional 990,328 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Ameresco by 503.4% in the 4th quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider's stock valued at $31,240,000 after purchasing an additional 889,820 shares during the last quarter. Swedbank AB grew its position in shares of Ameresco by 74.3% during the 1st quarter. Swedbank AB now owns 645,000 shares of the utilities provider's stock worth $16,448,000 after buying an additional 275,000 shares during the period. Finally, Invesco Ltd. grew its position in shares of Ameresco by 54.7% during the 3rd quarter. Invesco Ltd. now owns 575,173 shares of the utilities provider's stock worth $19,314,000 after buying an additional 203,374 shares during the period. 99.24% of the stock is currently owned by institutional investors and hedge funds.
Ameresco Company Profile
(
Get Free Report)
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.
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