Insider Selling: Ameresco, Inc. (AMRC) EVP Sells 12,500 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) EVP Joseph P. Demanche sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $9.20, for a total value of $115,000.00. Following the completion of the sale, the executive vice president now owns 127,500 shares of the company’s stock, valued at approximately $1,173,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Ameresco, Inc. (NYSE:AMRC) opened at $9.25 on Friday. Ameresco, Inc. has a 52 week low of $4.80 and a 52 week high of $9.30. The company has a current ratio of 1.29, a quick ratio of 1.24 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $420.90, a P/E ratio of 26.43, a PEG ratio of 2.83 and a beta of 1.13.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Ameresco had a return on equity of 5.42% and a net margin of 2.49%. The business had revenue of $204.74 million during the quarter, compared to analysts’ expectations of $186.20 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. research analysts forecast that Ameresco, Inc. will post 0.42 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in AMRC. Franklin Resources Inc. purchased a new stake in shares of Ameresco during the second quarter worth approximately $2,410,000. TIAA FSB purchased a new stake in shares of Ameresco during the third quarter worth approximately $496,000. Dimensional Fund Advisors LP raised its stake in shares of Ameresco by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 901,970 shares of the utilities provider’s stock worth $6,945,000 after purchasing an additional 51,041 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Ameresco during the third quarter worth approximately $167,000. Finally, State Street Corp raised its stake in shares of Ameresco by 6.3% during the second quarter. State Street Corp now owns 336,858 shares of the utilities provider’s stock worth $2,593,000 after purchasing an additional 20,094 shares during the last quarter. Institutional investors and hedge funds own 24.59% of the company’s stock.

A number of equities research analysts have weighed in on AMRC shares. Zacks Investment Research upgraded Ameresco from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Thursday, November 2nd. Oppenheimer reiterated a “buy” rating and issued a $10.00 price objective (up previously from $8.50) on shares of Ameresco in a research note on Wednesday, November 1st. Finally, BidaskClub cut Ameresco from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Ameresco has an average rating of “Hold” and a consensus price target of $8.88.

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Ameresco Company Profile

Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.

Insider Buying and Selling by Quarter for Ameresco (NYSE:AMRC)

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