Ameresco (NYSE:AMRC) Stock Price Down 10.2% After Insider Selling

Shares of Ameresco, Inc. (NYSE:AMRC) traded down 10.2% during trading on Tuesday following insider selling activity. The stock traded as low as $27.99 and last traded at $27.8470. 232,585 shares were traded during mid-day trading, a decline of 56% from the average session volume of 534,627 shares. The stock had previously closed at $31.02.

Specifically, Director Nickolas Stavropoulos sold 1,355 shares of the company’s stock in a transaction 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 sale, the director owned 14,111 shares of the company’s stock, valued at approximately $479,774. This represents a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer L. Miller sold 10,000 shares of Ameresco stock in a transaction on Monday, May 18th. The stock was sold at an average price of $32.27, for a total value of $322,700.00. Following the transaction, the director directly owned 22,111 shares of the company’s stock, valued at $713,521.97. This trade represents a 31.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMRC shares. UBS Group decreased their price objective on Ameresco from $40.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Zacks Research lowered Ameresco from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. Cantor Fitzgerald lifted their price target on Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday. Canaccord Genuity Group upped their price objective on shares of Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $38.00 target price (up from $37.00) on shares of Ameresco in a research report on Wednesday, March 11th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.56.

Ameresco Price Performance

The business’s 50 day moving average price is $27.32 and its 200-day moving average price is $30.29. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 1.64. The company has a market cap of $1.60 billion, a PE ratio of 52.05, a price-to-earnings-growth ratio of 2.41 and a beta of 2.55.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share 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 firm had revenue of $401.46 million for the quarter, compared to analyst estimates of $362.92 million. During the same period in the previous year, the business posted ($0.11) earnings per share. Ameresco’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, analysts forecast that Ameresco, Inc. will post 1.09 earnings per share for the current year.

Institutional Trading of Ameresco

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ameresco by 2.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock valued at $1,159,000 after buying an additional 799 shares during the last quarter. KBC Group NV grew its position in shares of Ameresco by 0.9% in the 1st quarter. KBC Group NV now owns 97,905 shares of the utilities provider’s stock worth $2,497,000 after acquiring an additional 891 shares in the last quarter. Moody National Bank Trust Division increased its holdings in shares of Ameresco by 2.3% in the 4th quarter. Moody National Bank Trust Division now owns 40,673 shares of the utilities provider’s stock valued at $1,191,000 after acquiring an additional 917 shares during the last quarter. State of Wyoming acquired a new stake in shares of Ameresco during the 4th quarter valued at approximately $27,000. Finally, Kuhn & Co Investment Counsel raised its position in shares of Ameresco by 4.6% during the 4th quarter. Kuhn & Co Investment Counsel now owns 22,650 shares of the utilities provider’s stock valued at $663,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors 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.