Ameresco (NYSE:AMRC) Director Joseph Sutton Acquires 9,700 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) Director Joseph Sutton purchased 9,700 shares of the company’s stock in a transaction on Monday, August 24th. The stock was purchased at an average price of $20.87 per share, for a total transaction of $202,439.00. Following the purchase, the director directly owned 80,246 shares of the company’s stock, valued at $1,674,734.02. This trade represents a 13.75% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ameresco Stock Performance

Shares of NYSE AMRC traded up $0.06 during midday trading on Wednesday, hitting $22.13. 639,842 shares of the company’s stock were exchanged, compared to its average volume of 592,515. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. The stock’s 50 day moving average price is $24.94 and its 200-day moving average price is $27.63. The firm has a market cap of $1.17 billion, a P/E ratio of 42.56, a PEG ratio of 1.54 and a beta of 2.62. Ameresco, Inc. has a twelve month low of $18.38 and a twelve month high of $44.93.

Ameresco (NYSE:AMRC) last announced its 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. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The firm had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. During the same quarter in the previous year, the business earned $0.27 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Equities research analysts anticipate that Ameresco, Inc. will post 1.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMRC shares. Guggenheim assumed coverage on shares of Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating for the company. Canaccord Genuity Group raised their target price on shares of Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $32.00 price objective (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.89.

Hedge Funds Weigh In On Ameresco

Several hedge funds have recently made changes to their positions in the business. State of Wyoming acquired a new position in shares of Ameresco in the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Ameresco during the fourth quarter valued at approximately $48,000. Fifth Third Bancorp bought a new stake in Ameresco during the first quarter worth approximately $44,000. Summit Securities Group LLC bought a new stake in Ameresco during the fourth quarter worth approximately $55,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Ameresco in the fourth quarter worth approximately $69,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.