Ameresco, Inc. $AMRC Stock Holdings Lessened by Bandera Partners LLC

Bandera Partners LLC lessened its stake in Ameresco, Inc. (NYSE:AMRC) by 9.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 476,309 shares of the utilities provider’s stock after selling 50,460 shares during the period. Ameresco makes up 5.5% of Bandera Partners LLC’s portfolio, making the stock its 6th largest position. Bandera Partners LLC’s holdings in Ameresco were worth $12,146,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in shares of Ameresco in the fourth quarter valued at about $27,000. Fifth Third Bancorp acquired a new position in Ameresco during the 1st quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd acquired a new position in Ameresco during the 4th quarter worth approximately $48,000. Tower Research Capital LLC TRC raised its stake in shares of Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after buying an additional 1,754 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Ameresco during the 4th quarter worth approximately $55,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 10,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $32.27, for a total transaction of $322,700.00. Following the completion of the transaction, the director owned 22,111 shares of the company’s stock, valued at approximately $713,521.97. This trade represents a 31.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 5,000 shares of the 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 sale, the director directly owned 25,232 shares in the company, valued at approximately $911,379.84. The trade was a 16.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 26,355 shares of company stock valued at $852,270. 45.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AMRC has been the topic of a number of analyst reports. Guggenheim began coverage on Ameresco in a research note on Friday, May 22nd. They issued a “neutral” rating on the stock. Cantor Fitzgerald boosted their target price on shares of Ameresco from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th. Weiss Ratings cut shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. Canaccord Genuity Group increased their price target on shares of Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Robert W. Baird lowered their target price on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.56.

Ameresco Stock Performance

NYSE:AMRC opened at $23.60 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. The firm has a 50-day moving average price of $28.28 and a two-hundred day moving average price of $28.84. Ameresco, Inc. has a twelve month low of $15.52 and a twelve month high of $44.93. The company has a market capitalization of $1.25 billion, a P/E ratio of 40.69, a price-to-earnings-growth ratio of 1.89 and a beta of 2.60.

Ameresco (NYSE:AMRC) last announced its quarterly 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 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 analysts’ expectations of $362.92 million. During the same period last year, the company earned ($0.11) EPS. The firm’s revenue for the quarter 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, research analysts expect that Ameresco, Inc. will post 1.13 earnings per share for the current fiscal year.

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.