Ameresco, Inc. (NYSE:AMRC) Director Acquires $33,845.00 in Stock

Ameresco, Inc. (NYSE:AMRC) Director Francis V. Wisneski, Jr. bought 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $9.67 per share, with a total value of $33,845.00. Following the transaction, the director now owns 17,738 shares of the company’s stock, valued at $171,526.46. The trade was a 24.58 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ameresco Price Performance

Ameresco stock opened at $11.11 on Friday. The firm has a 50-day moving average price of $20.74 and a 200-day moving average price of $26.88. The firm has a market capitalization of $582.75 million, a PE ratio of 11.11, a price-to-earnings-growth ratio of 0.49 and a beta of 2.07. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a 12-month low of $9.04 and a 12-month high of $39.68.

Ameresco (NYSE:AMRC) last released its earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.12. The firm had revenue of $532.67 million during the quarter, compared to analyst estimates of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. As a group, equities research analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMRC. Harvest Portfolios Group Inc. purchased a new position in Ameresco in the 3rd quarter worth about $471,000. Victory Capital Management Inc. purchased a new position in Ameresco in the 3rd quarter worth about $870,000. Zions Bancorporation N.A. increased its stake in Ameresco by 18.3% in the 3rd quarter. Zions Bancorporation N.A. now owns 57,145 shares of the utilities provider’s stock worth $2,168,000 after buying an additional 8,835 shares during the period. Intech Investment Management LLC purchased a new position in Ameresco in the 3rd quarter worth about $359,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Ameresco in the 3rd quarter worth about $349,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

About Ameresco

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.