Ameresco, Inc. (NYSE:AMRC) Director Acquires $17,610.84 in Stock

Ameresco, Inc. (NYSE:AMRC) Director Francis V. Wisneski, Jr. bought 1,908 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $9.23 per share, for a total transaction of $17,610.84. Following the completion of the purchase, the director now owns 19,946 shares in the company, valued at $184,101.58. This trade represents a 10.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ameresco Trading Up 19.6 %

Shares of Ameresco stock opened at $11.11 on Friday. The company has a fifty day simple moving average of $20.74 and a 200-day simple moving average of $26.88. Ameresco, Inc. has a 12-month low of $9.04 and a 12-month high of $39.68. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The stock has a market cap of $582.75 million, a price-to-earnings ratio of 11.11, a PEG ratio of 0.49 and a beta of 2.07.

Ameresco (NYSE:AMRC) last issued its earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The business had revenue of $532.67 million during the quarter, compared to analysts’ expectations of $524.31 million. On average, equities analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMRC shares. UBS Group downgraded shares of Ameresco from a “buy” rating to a “sell” rating and cut their target price for the stock from $37.00 to $8.00 in a research note on Tuesday, March 4th. Canaccord Genuity Group lowered their price target on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a report on Friday, February 28th. Robert W. Baird lowered their price target on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, February 28th. Stifel Nicolaus lowered their price target on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday. Finally, StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ameresco has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AMRC. First Trust Advisors LP boosted its holdings in shares of Ameresco by 124.4% in the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider’s stock valued at $19,682,000 after buying an additional 464,737 shares in the last quarter. Wellington Management Group LLP boosted its stake in Ameresco by 81.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock worth $38,126,000 after purchasing an additional 450,571 shares during the period. DnB Asset Management AS boosted its stake in Ameresco by 59.6% during the 4th quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider’s stock worth $14,403,000 after purchasing an additional 229,128 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ameresco by 22.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider’s stock worth $27,230,000 after purchasing an additional 214,918 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in Ameresco by 87.7% during the 4th quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider’s stock worth $9,888,000 after purchasing an additional 196,776 shares during the period. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Company Profile

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.