Louis Maltezos Sells 592 Shares of Ameresco (NYSE:AMRC) Stock

Key Points

• Insider transaction: Louis Maltezos sold 592 Ameresco shares for approximately $13,296 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 1.73% to 33,628 shares.
• Stock and earnings: Ameresco shares rose 4.0% to $23.77. The company reported quarterly EPS of $0.20, matching estimates, while revenue increased 9.1% year over year to $515.46 million.
• Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating with a $41.89 price target, substantially above the current share price; institutional investors own 99.24% of the stock.

Ameresco, Inc. (NYSE:AMRC - Get Free Report) insider Louis Maltezos sold 592 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $22.46, for a total value of $13,296.32. Following the sale, the insider owned 33,628 shares of the company's stock, valued at approximately $755,284.88. The trade was a 1.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ameresco Stock Up 4.0%

Shares of Ameresco stock traded up $0.91 during trading hours on Thursday, hitting $23.77. The company had a trading volume of 639,543 shares, compared to its average volume of 597,750. The company's 50-day moving average is $23.57 and its two-hundred day moving average is $26.54. Ameresco, Inc. has a twelve month low of $18.38 and a twelve month high of $44.93. 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 company has a market cap of $1.26 billion, a P/E ratio of 45.72, a price-to-earnings-growth ratio of 1.67 and a beta of 2.63.

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, hitting the consensus estimate of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The firm had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. During the same period last year, the business earned $0.27 EPS. Ameresco's revenue for the quarter 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 anticipate that Ameresco, Inc. will post 1.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc raised its position in Ameresco by 10.3% during the 4th quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider's stock worth $13,695,000 after buying an additional 43,832 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Ameresco during the second quarter worth about $2,657,000. Swedbank AB lifted its position in Ameresco by 219.0% in the fourth quarter. Swedbank AB now owns 370,000 shares of the utilities provider's stock valued at $10,837,000 after purchasing an additional 254,000 shares during the period. Royce & Associates LP boosted its holdings in Ameresco by 10.7% in the 4th quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider's stock valued at $31,246,000 after purchasing an additional 102,782 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Ameresco by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider's stock valued at $36,711,000 after purchasing an additional 167,068 shares in the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMRC has been the topic of a number of research reports. Guggenheim started coverage on Ameresco in a research note on Friday, May 22nd. They set a "neutral" rating on the stock. Wall Street Zen raised shares of Ameresco from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Ameresco from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, August 5th. Cantor Fitzgerald decreased their price target on shares of Ameresco from $44.00 to $36.00 and set an "overweight" rating for the company in a research note on Thursday, August 27th. Finally, Canaccord Genuity Group raised their price objective on shares of Ameresco from $59.00 to $62.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.89.

Ameresco Company Profile

Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.

Ameresco's services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.

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