Ameresco, Inc. $AMRC Stock Position Reduced by Erste Asset Management GmbH

Erste Asset Management GmbH lessened its position in shares of Ameresco, Inc. (NYSE:AMRC) by 14.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,189 shares of the utilities provider’s stock after selling 21,830 shares during the period. Erste Asset Management GmbH owned about 0.25% of Ameresco worth $3,975,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. AQR Capital Management LLC bought a new stake in shares of Ameresco in the 1st quarter worth approximately $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ameresco by 2.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider’s stock worth $513,000 after purchasing an additional 884 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Ameresco by 23.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider’s stock worth $2,687,000 after purchasing an additional 42,499 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Ameresco in the 1st quarter worth approximately $1,187,000. Finally, Creative Planning bought a new stake in shares of Ameresco in the 2nd quarter worth approximately $153,000. Institutional investors own 99.24% of the company’s stock.

Insider Activity at Ameresco

In related news, Director Jennifer L. Miller sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $32.27, for a total value of $322,700.00. Following the sale, the director directly owned 22,111 shares in the company, valued at $713,521.97. This trade represents a 31.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 5,000 shares of Ameresco stock in a transaction on Friday, May 29th. The shares were sold at an average price of $36.12, for a total value of $180,600.00. Following the transaction, the director owned 25,232 shares in the company, valued at approximately $911,379.84. This trade represents a 16.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,680 shares of company stock worth $860,496 in the last three months. 45.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMRC. Canaccord Genuity Group raised their price target on Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. B. Riley Financial raised their price target on Ameresco from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Stifel Nicolaus reissued a “buy” rating and issued a $38.00 price target (up from $37.00) on shares of Ameresco in a report on Wednesday, March 11th. Robert W. Baird cut their price target on Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Finally, UBS Group cut their price target on Ameresco from $40.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.56.

Ameresco Stock Down 3.3%

AMRC opened at $26.83 on Wednesday. Ameresco, Inc. has a 12 month low of $14.08 and a 12 month high of $44.93. 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 stock has a market cap of $1.42 billion, a P/E ratio of 46.26, a P/E/G ratio of 2.29 and a beta of 2.58. The stock’s 50 day moving average price is $29.01 and its 200 day moving average price is $30.09.

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