Ameresco, Inc. (NYSE:AMRC) EVP Joseph P. Demanche sold 4,783 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $8.80, for a total value of $42,090.40. Following the completion of the sale, the executive vice president now owns 154,688 shares in the company, valued at $1,361,254.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Ameresco, Inc. (NYSE:AMRC) opened at $8.70 on Wednesday. Ameresco, Inc. has a 1 year low of $4.80 and a 1 year high of $8.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.29 and a quick ratio of 1.24. The company has a market capitalization of $393.60, a P/E ratio of 24.71, a P/E/G ratio of 3.47 and a beta of 1.13.
Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $204.74 million for the quarter, compared to analysts’ expectations of $186.20 million. During the same period last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. equities analysts anticipate that Ameresco, Inc. will post 0.41 earnings per share for the current year.
Several hedge funds have recently modified their holdings of AMRC. Susquehanna International Group LLP acquired a new position in shares of Ameresco during the 2nd quarter valued at $141,000. Parametric Portfolio Associates LLC increased its position in shares of Ameresco by 8.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock valued at $146,000 after purchasing an additional 1,529 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Ameresco during the 2nd quarter valued at $148,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Ameresco during the 2nd quarter valued at $154,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Ameresco during the 3rd quarter valued at $167,000. Institutional investors own 24.91% of the company’s stock.
Several analysts recently commented on the company. BidaskClub upgraded Ameresco from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded Ameresco from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Thursday, November 2nd. Finally, Oppenheimer restated a “buy” rating and issued a $10.00 target price (up from $8.50) on shares of Ameresco in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $8.88.
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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.
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