Ameresco Inc (NYSE:AMRC) Director Francis V. Wisneski, Jr. sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $15.43, for a total transaction of $46,290.00. Following the transaction, the director now directly owns 105,676 shares in the company, valued at $1,630,580.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
NYSE:AMRC opened at $14.93 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.53 and a current ratio of 1.42. Ameresco Inc has a fifty-two week low of $7.65 and a fifty-two week high of $16.59. The firm has a market cap of $697.18 million, a PE ratio of 14.51, a P/E/G ratio of 1.13 and a beta of 0.39.
Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Tuesday, October 30th. The utilities provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.08. The business had revenue of $205.40 million for the quarter, compared to analysts’ expectations of $208.40 million. Ameresco had a net margin of 6.43% and a return on equity of 14.06%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 EPS. As a group, equities research analysts expect that Ameresco Inc will post 0.77 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on the stock. TheStreet raised shares of Ameresco from a “c+” rating to a “b-” rating in a research note on Wednesday. Zacks Investment Research raised shares of Ameresco from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, November 1st. Canaccord Genuity upped their price target on shares of Ameresco from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Oppenheimer set a $17.00 price target on shares of Ameresco and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Finally, ValuEngine cut shares of Ameresco from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.38.
A number of hedge funds and other institutional investors have recently modified their holdings of AMRC. Wells Fargo & Company MN grew its stake in Ameresco by 33.3% in the 1st quarter. Wells Fargo & Company MN now owns 143,720 shares of the utilities provider’s stock valued at $1,868,000 after acquiring an additional 35,879 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Ameresco by 1,406.8% in the 1st quarter. JPMorgan Chase & Co. now owns 65,396 shares of the utilities provider’s stock valued at $850,000 after acquiring an additional 61,056 shares during the last quarter. California Public Employees Retirement System grew its stake in Ameresco by 14.7% in the 1st quarter. California Public Employees Retirement System now owns 72,464 shares of the utilities provider’s stock valued at $942,000 after acquiring an additional 9,264 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Ameresco by 14.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,143,461 shares of the utilities provider’s stock valued at $14,865,000 after acquiring an additional 140,550 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in Ameresco in the 2nd quarter valued at about $380,000. 28.15% of the stock is currently owned by hedge funds and other institutional investors.
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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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