Ameresco, Inc. $AMRC Shares Sold by Gagnon Securities LLC

Gagnon Securities LLC trimmed its holdings in Ameresco, Inc. (NYSE:AMRC) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 832,884 shares of the utilities provider’s stock after selling 26,525 shares during the quarter. Ameresco accounts for about 5.0% of Gagnon Securities LLC’s portfolio, making the stock its 5th biggest holding. Gagnon Securities LLC owned 1.58% of Ameresco worth $24,395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP raised its holdings in Ameresco by 170.0% during 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 during the period. Dimensional Fund Advisors LP raised its holdings in Ameresco by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,272,601 shares of the utilities provider’s stock worth $37,274,000 after buying an additional 34,279 shares during the period. Royce & Associates LP raised its holdings in Ameresco by 10.7% during the 4th quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock worth $31,246,000 after buying an additional 102,782 shares during the period. Granahan Investment Management LLC raised its holdings in Ameresco by 108.4% during the 3rd quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock worth $29,889,000 after buying an additional 462,875 shares during the period. Finally, Redwood Grove Capital LLC raised its holdings in Ameresco by 36.0% during the 2nd quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider’s stock worth $10,327,000 after buying an additional 179,943 shares during the period. 99.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMRC has been the topic of several recent analyst reports. Cantor Fitzgerald boosted their price objective on Ameresco from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Canaccord Genuity Group upped their target price on Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. B. Riley Financial upped their target price on Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Zacks Research upgraded Ameresco from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 3rd. Finally, Guggenheim assumed coverage on Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ameresco presently has a consensus rating of “Hold” and an average target price of $42.56.

Ameresco Trading Up 0.8%

NYSE:AMRC opened at $28.11 on Friday. The stock’s 50 day moving average price is $29.15 and its 200 day moving average price is $30.02. Ameresco, Inc. has a 52 week low of $14.08 and a 52 week high of $44.93. The company has a market capitalization of $1.49 billion, a P/E ratio of 48.47, a P/E/G ratio of 2.30 and a beta of 2.58. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.49.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The firm had revenue of $401.46 million during the quarter, compared to analyst estimates of $362.92 million. During the same quarter in the prior year, the company posted ($0.11) EPS. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, research analysts forecast that Ameresco, Inc. will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Ameresco news, Director Nickolas Stavropoulos sold 1,355 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $34.00, for a total transaction of $46,070.00. Following the completion of the sale, the director owned 14,111 shares of the company’s stock, valued at $479,774. This represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $30.29, for a total value of $302,900.00. Following the sale, the director directly owned 25,232 shares of the company’s stock, valued at $764,277.28. The trade was a 28.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,355 shares of company stock worth $852,270. Insiders own 45.10% 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.