Ameresco (NYSE:AMRC) Shares Gap Up After Insider Buying Activity

Key Points

• Ameresco shares opened higher after director Brian C. Cox purchased 4,625 shares for approximately $100,085, increasing his stake by 11.65%.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $42.89 versus its recent trading price near $22.68.
• Ameresco reported quarterly revenue of $515.46 million, up 9.1% year over year, while earnings of $0.20 per share matched estimates; institutional investors own 99.24% of the company.

Ameresco, Inc. (NYSE:AMRC - Get Free Report) shares gapped up prior to trading on Wednesday following insider buying activity. The stock had previously closed at $22.07, but opened at $22.85. Ameresco shares last traded at $22.68, with a volume of 53,358 shares.

Specifically, Director Brian C. Cox bought 4,625 shares of the company's stock in a transaction dated Friday, August 21st. The shares were purchased at an average price of $21.64 per share, for a total transaction of $100,085.00. Following the acquisition, the director 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 can be accessed through this link.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Guggenheim assumed coverage on shares of Ameresco in a research note on Friday, May 22nd. They issued a "neutral" rating for the company. Canaccord Genuity Group boosted their price objective on shares of Ameresco from $59.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of Ameresco from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, August 5th. Oppenheimer reaffirmed a "market perform" rating on shares of Ameresco in a research note on Tuesday, August 4th. Finally, BNP Paribas Exane upgraded shares of Ameresco from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $34.00 to $40.00 in a report on Tuesday, August 4th. One equities 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $42.89.

Ameresco Price Performance

The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $1.20 billion, a PE ratio of 43.62, a PEG ratio of 1.54 and a beta of 2.62. The firm's fifty day simple moving average is $24.94 and its 200-day simple moving average is $27.63.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, meeting analysts' consensus estimates 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 analysts' expectations of $465.18 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The business'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. On average, research analysts forecast that Ameresco, Inc. will post 1.24 earnings per share for the current fiscal year.

Institutional Trading of Ameresco

A number of institutional investors and hedge funds have recently modified their holdings of AMRC. Wellington Management Group LLP increased its holdings in Ameresco by 170.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider's stock worth $159,021,000 after buying an additional 2,981,689 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Ameresco by 3,311.5% during the 2nd quarter. California State Teachers Retirement System now owns 1,020,234 shares of the utilities provider's stock valued at $28,158,000 after acquiring an additional 990,328 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Ameresco by 503.4% in the fourth quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider's stock worth $31,240,000 after acquiring an additional 889,820 shares during the period. Swedbank AB raised its holdings in shares of Ameresco by 74.3% during the first quarter. Swedbank AB now owns 645,000 shares of the utilities provider's stock valued at $16,448,000 after purchasing an additional 275,000 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Ameresco by 54.7% during the third quarter. Invesco Ltd. now owns 575,173 shares of the utilities provider's stock valued at $19,314,000 after purchasing an additional 203,374 shares during 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.

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