Brian Cox Buys 39,700 Shares of Ameresco (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) Director Brian Cox acquired 39,700 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $25.07 per share, with a total value of $995,279.00. Following the completion of the acquisition, the director directly owned 39,700 shares of the company’s stock, valued at $995,279. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ameresco Stock Up 6.8%

Shares of AMRC opened at $27.66 on Thursday. The stock’s 50-day moving average price is $25.58 and its two-hundred day moving average price is $28.08. Ameresco, Inc. has a 12 month low of $18.38 and a 12 month high of $44.93. The company has a market capitalization of $1.46 billion, a PE ratio of 53.19, a PEG ratio of 1.89 and a beta of 2.62. 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 (NYSE:AMRC) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, analysts anticipate that Ameresco, Inc. will post 1.24 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. Wellington Management Group LLP increased its position in Ameresco by 170.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after buying an additional 2,981,689 shares in the last quarter. First Trust Advisors LP boosted its holdings in Ameresco by 503.4% in the fourth quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock worth $31,240,000 after acquiring an additional 889,820 shares in the last quarter. Swedbank AB grew its stake in Ameresco by 74.3% in the first quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock valued at $16,448,000 after acquiring an additional 275,000 shares during the period. Invesco Ltd. grew its stake in Ameresco by 54.7% in the third quarter. Invesco Ltd. now owns 575,173 shares of the utilities provider’s stock valued at $19,314,000 after acquiring an additional 203,374 shares during the period. Finally, Redwood Grove Capital LLC increased its holdings in shares of Ameresco by 36.0% during the second quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider’s stock valued at $10,327,000 after acquiring an additional 179,943 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. BNP Paribas Exane upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $34.00 to $40.00 in a research report on Tuesday, August 4th. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. Zacks Research upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen upgraded Ameresco from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ameresco currently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

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.