Ameresco (NYSE:AMRC) Director Purchases 4,625 Shares

Key Points

• Director Brian Cox bought 4,625 Ameresco shares at an average price of $21.64, investing $100,085 and increasing his direct stake by 11.65% to 44,325 shares.
• Ameresco shares rose 5.2% to $22.07, though they remain below the 50-day and 200-day moving averages. The stock has a market capitalization of approximately $1.17 billion.
• The company met quarterly EPS expectations at $0.20 while revenue rose 9.1% year over year to $515.46 million. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $42.89.

Ameresco, Inc. (NYSE:AMRC - Get Free Report) Director Brian Cox acquired 4,625 shares of the company's stock in a transaction dated Friday, August 21st. The stock was purchased at an average cost of $21.64 per share, for a total transaction of $100,085.00. Following the purchase, the director directly owned 44,325 shares in the company, valued at approximately $959,193. This represents a 11.65% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this link.

Ameresco Trading Up 5.2%

NYSE AMRC traded up $1.10 on Tuesday, hitting $22.07. 984,128 shares of the company were exchanged, compared to its average volume of 838,840. The company's 50 day moving average price is $24.94 and its 200-day moving average price is $27.63. The firm has a market capitalization of $1.17 billion, a P/E 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, Inc. has a twelve month low of $18.38 and a twelve month high of $44.93.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS 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 business had revenue of $515.46 million during the quarter, compared to analysts' expectations of $465.18 million. During the same quarter in the previous year, the business posted $0.27 EPS. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Analysts predict that Ameresco, Inc. will post 1.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AMRC. State of Wyoming bought a new position in shares of Ameresco in the 4th quarter worth about $27,000. Fifth Third Bancorp purchased a new stake in Ameresco during the 1st quarter valued at $44,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Ameresco in the fourth quarter worth $48,000. Tower Research Capital LLC TRC lifted its holdings in shares of Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider's stock valued at $53,000 after purchasing an additional 1,754 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in Ameresco in the 4th quarter worth about $55,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AMRC shares. Zacks Research upgraded shares of Ameresco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. Guggenheim assumed coverage on shares of Ameresco in a research note on Friday, May 22nd. They issued a "neutral" rating for the company. Cantor Fitzgerald reiterated an "overweight" rating on shares of Ameresco in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Ameresco from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th. Finally, Canaccord Genuity Group upped their price objective on shares of Ameresco from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ameresco presently has a consensus rating of "Moderate Buy" and an average target price of $42.89.

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.

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