Insider Buying: Ameresco, Inc. (NYSE:AMRC) CEO Purchases 25,000 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) CEO George P. Sakellaris acquired 25,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $9.27 per share, with a total value of $231,750.00. Following the purchase, the chief executive officer now directly owns 978,638 shares of the company’s stock, valued at $9,071,974.26. This represents a 2.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ameresco Price Performance

Shares of NYSE AMRC opened at $11.11 on Friday. The firm has a market capitalization of $582.75 million, a P/E ratio of 11.11, a PEG ratio of 0.49 and a beta of 2.07. Ameresco, Inc. has a one year low of $9.04 and a one year high of $39.68. The company’s fifty day moving average is $20.98 and its two-hundred day moving average is $27.01. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $524.31 million. Analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Ameresco

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AMRC shares. StockNews.com raised Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Robert W. Baird decreased their price objective on Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, February 28th. UBS Group cut shares of Ameresco from a “buy” rating to a “sell” rating and cut their target price for the company from $37.00 to $8.00 in a report on Tuesday. Canaccord Genuity Group cut their target price on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, Stifel Nicolaus lowered their price objective on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Ameresco presently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

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.