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

Ameresco, Inc. (NYSE:AMRC - Get Free Report) Director Francis V. Wisneski, Jr. purchased 3,500 shares of Ameresco stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $9.67 per share, for a total transaction of $33,845.00. Following the completion of the transaction, the director now owns 17,738 shares in the company, valued at $171,526.46. The trade was a 24.58 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ameresco Stock Up 19.6 %

Shares of AMRC traded up $1.82 on Friday, reaching $11.11. The stock had a trading volume of 1,991,361 shares, compared to its average volume of 628,304. The firm has a market capitalization of $582.75 million, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 0.49 and a beta of 2.07. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The company has a 50-day simple moving average of $20.74 and a 200-day simple moving average of $26.87. Ameresco, Inc. has a 12-month low of $9.04 and a 12-month high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last released its earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.12. The company had revenue of $532.67 million during the quarter, compared to analysts' expectations of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. Sell-side analysts predict that Ameresco, Inc. will post 1.15 EPS for the current year.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Robert W. Baird cut their price objective on Ameresco from $42.00 to $25.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. UBS Group lowered Ameresco from a "buy" rating to a "sell" rating and cut their price objective for the stock from $37.00 to $8.00 in a research report on Tuesday, March 4th. StockNews.com upgraded Ameresco to a "sell" rating in a research report on Tuesday, November 12th. Canaccord Genuity Group cut their price objective on Ameresco from $36.00 to $27.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, Stifel Nicolaus cut their price objective on 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 assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $28.33.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMRC. Point72 Asia Singapore Pte. Ltd. raised its stake in Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider's stock valued at $93,000 after buying an additional 2,279 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Ameresco during the fourth quarter valued at $146,000. Cetera Trust Company N.A raised its stake in Ameresco by 6.9% during the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock valued at $160,000 after buying an additional 440 shares during the last quarter. Lazard Asset Management LLC raised its stake in Ameresco by 145.0% during the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock valued at $172,000 after buying an additional 4,362 shares during the last quarter. Finally, FMR LLC raised its stake in Ameresco by 257.9% during the third quarter. FMR LLC now owns 5,350 shares of the utilities provider's stock valued at $203,000 after buying an additional 3,855 shares during the last quarter. 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.