Counterpoint Mutual Funds LLC Acquires New Shares in Ameresco, Inc. $AMRC

Counterpoint Mutual Funds LLC acquired a new position in shares of Ameresco, Inc. (NYSE:AMRC) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 30,859 shares of the utilities provider’s stock, valued at approximately $787,000. Counterpoint Mutual Funds LLC owned 0.06% of Ameresco at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMRC. Legal & General Group Plc raised its position in shares of Ameresco by 10.3% during the fourth quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock worth $13,695,000 after purchasing an additional 43,832 shares during the period. Swedbank AB lifted its holdings in shares of Ameresco by 219.0% during the 4th 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 in the last quarter. Royce & Associates LP grew its position in shares of 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 during the period. Handelsbanken Fonder AB grew its position in shares of Ameresco by 7.5% in the 4th quarter. Handelsbanken Fonder AB now owns 650,836 shares of the utilities provider’s stock valued at $19,063,000 after purchasing an additional 45,506 shares during the period. Finally, Portolan Capital Management LLC bought a new stake in Ameresco during the 3rd quarter worth approximately $5,873,000. 99.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, 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 transaction of $302,900.00. Following the sale, the director owned 25,232 shares in the company, valued at $764,277.28. This represents a 28.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Nickolas Stavropoulos sold 1,355 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $34.00, for a total value of $46,070.00. Following the completion of the sale, the director directly owned 14,111 shares of the company’s stock, valued at approximately $479,774. The trade was a 8.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,355 shares of company stock valued at $852,270 in the last 90 days. 45.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMRC has been the topic of a number of research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $38.00 price target (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Canaccord Genuity Group increased their price objective on shares of Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Guggenheim started coverage on shares of Ameresco in a research report on Friday, May 22nd. They issued a “neutral” rating on the stock. Weiss Ratings lowered shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. Finally, UBS Group reduced their target price on shares of Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.56.

Ameresco Price Performance

Shares of NYSE AMRC opened at $25.39 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48. The business has a 50-day moving average of $29.70 and a 200-day moving average of $29.38. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 43.78, a PEG ratio of 2.09 and a beta of 2.60. Ameresco, Inc. has a fifty-two week low of $15.52 and a fifty-two week high of $44.93.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.06). Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The company had revenue of $401.46 million for the quarter, compared to the consensus estimate of $362.92 million. During the same quarter in the previous year, the company posted ($0.11) EPS. The business’s revenue was up 13.8% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. As a group, sell-side analysts predict that Ameresco, Inc. will post 1.1 earnings per share for the current fiscal 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.