Bank of America Corp DE Buys 49,279 Shares of Ameresco, Inc. $AMRC

Key Points

• Bank of America increased its Ameresco stake by 64.7% in the first quarter, buying 49,279 shares to reach 125,441 shares valued at approximately $3.2 million. Institutional investors collectively own 99.24% of the company.
• Analyst sentiment is generally positive, with Ameresco carrying a consensus “Moderate Buy” rating and an average price target of $41.89. Recent actions included a Zacks Research upgrade to “Strong Buy” and UBS raising its price target to $32 while maintaining a “Neutral” rating.
• Ameresco reported quarterly EPS of $0.20, matching expectations, while revenue of $515.46 million exceeded estimates and rose 9.1% year over year. CEO George Sakellaris and a company director also purchased shares recently, contributing to $1.7 million in insider buying over the past 90 days.

Bank of America Corp DE raised its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 64.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,441 shares of the utilities provider's stock after purchasing an additional 49,279 shares during the quarter. Bank of America Corp DE owned 0.24% of Ameresco worth $3,199,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ameresco by 2.4% in the 3rd 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 period. KBC Group NV boosted its holdings in Ameresco by 0.9% in the first 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. State of Wyoming purchased a new position in Ameresco in the 4th quarter worth $27,000. Kuhn & Co Investment Counsel lifted its stake in 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 during the period. Finally, Swiss National Bank lifted its position in Ameresco by 1.6% during the third quarter. Swiss National Bank now owns 63,800 shares of the utilities provider's stock valued at $2,142,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 99.24% of the company's stock.

Analyst Upgrades and Downgrades

AMRC has been the topic of several analyst reports. Zacks Research raised Ameresco from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Oppenheimer restated a "market perform" rating on shares of Ameresco in a research report on Tuesday, August 4th. Guggenheim assumed coverage on Ameresco in a research report on Friday, May 22nd. They set a "neutral" rating on the stock. UBS Group upped their price target on Ameresco from $28.00 to $32.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Ameresco from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. One 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 given a Sell rating to the company. Based on data from MarketBeat, Ameresco presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.89.

Insider Buying and Selling at Ameresco

In other Ameresco news, CEO George P. Sakellaris bought 4,000 shares of Ameresco stock in a transaction on Thursday, August 27th. The shares were bought at an average cost of $22.84 per share, for a total transaction of $91,360.00. Following the acquisition, the chief executive officer directly owned 1,010,597 shares in the company, valued at $23,082,035.48. This represents a 0.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jennifer L. Miller acquired 2,000 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was bought at an average price of $20.96 per share, with a total value of $41,920.00. Following the purchase, the director directly owned 34,546 shares in the company, valued at approximately $724,084.16. This trade represents a 6.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 72,025 shares of company stock valued at $1,712,573 in the last 90 days. Corporate insiders own 45.10% of the company's stock.

Ameresco Trading Up 0.3%

Shares of Ameresco stock opened at $22.06 on Monday. The stock has a 50 day moving average of $24.60 and a 200 day moving average of $27.47. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 1.64 and a beta of 2.62. Ameresco, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $44.93.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. Ameresco's revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, research analysts predict that Ameresco, Inc. will post 1.22 earnings per share for the current year.

Ameresco 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.

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