Ameresco Inc (NYSE:AMRC) Director Francis V. Wisneski, Jr. sold 5,516 shares of Ameresco stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $15.97, for a total transaction of $88,090.52. Following the sale, the director now owns 110,676 shares in the company, valued at $1,767,495.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Ameresco stock traded down $0.27 during midday trading on Monday, hitting $15.40. The company’s stock had a trading volume of 159,700 shares, compared to its average volume of 132,087. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.63. Ameresco Inc has a 12 month low of $7.65 and a 12 month high of $16.59. The stock has a market cap of $716.86 million, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39.
Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Tuesday, October 30th. The utilities provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. Ameresco had a net margin of 6.43% and a return on equity of 14.28%. The firm had revenue of $205.40 million for the quarter, compared to analysts’ expectations of $208.40 million. During the same period in the previous year, the business earned $0.18 earnings per share. Ameresco’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities analysts predict that Ameresco Inc will post 0.77 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the business. Engineers Gate Manager LP bought a new stake in Ameresco in the third quarter worth about $162,000. Handelsbanken Fonder AB bought a new stake in Ameresco in the third quarter worth about $5,178,000. California Public Employees Retirement System raised its position in Ameresco by 5.1% in the second quarter. California Public Employees Retirement System now owns 76,152 shares of the utilities provider’s stock worth $914,000 after acquiring an additional 3,688 shares in the last quarter. Paloma Partners Management Co bought a new stake in Ameresco in the second quarter worth about $126,000. Finally, Bank of America Corp DE raised its position in Ameresco by 415.3% in the second quarter. Bank of America Corp DE now owns 53,062 shares of the utilities provider’s stock worth $637,000 after acquiring an additional 42,765 shares in the last quarter. Hedge funds and other institutional investors own 28.15% of the company’s stock.
A number of brokerages recently weighed in on AMRC. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday. Oppenheimer set a $17.00 price objective on shares of Ameresco and gave the company a “buy” rating in a research note on Tuesday, October 30th. Canaccord Genuity lifted their price objective on shares of Ameresco from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Wednesday, October 31st. ValuEngine cut shares of Ameresco from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Finally, Roth Capital cut shares of Ameresco from a “buy” rating to a “neutral” rating and cut their price objective for the company from $15.00 to $14.00 in a research note on Thursday, October 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $16.38.
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Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.
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