Insider Selling: Ameresco, Inc. (NYSE:AMRC) Director Sells 40,000 Shares of Stock

Ameresco, Inc. (NYSE:AMRC - Get Free Report) Director Jennifer L. Miller sold 40,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the sale, the director now owns 17,225 shares of the company's stock, valued at approximately $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ameresco Trading Down 1.8 %

NYSE:AMRC traded down $0.38 during mid-day trading on Friday, hitting $20.73. 275,474 shares of the company's stock were exchanged, compared to its average volume of 407,408. 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 fifty-two week low of $17.55 and a fifty-two week high of $39.68. The company has a 50 day simple moving average of $24.18 and a 200-day simple moving average of $28.62. The firm has a market capitalization of $1.09 billion, a P/E ratio of 20.73, a PEG ratio of 0.55 and a beta of 1.79.

Analysts Set New Price Targets

Several analysts recently issued reports on AMRC shares. StockNews.com upgraded shares of Ameresco to a "sell" rating in a research report on Tuesday, November 12th. Piper Sandler upped their price objective on Ameresco from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus lifted their target price on Ameresco from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $36.56.

Institutional Trading of Ameresco

Several institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in Ameresco by 100.3% during the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider's stock worth $30,000 after buying an additional 391 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Ameresco by 1,294.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider's stock worth $93,000 after buying an additional 2,279 shares during the period. GAMMA Investing LLC boosted its stake in Ameresco by 19.8% during the third quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider's stock worth $142,000 after acquiring an additional 618 shares in the last quarter. Cetera Trust Company N.A increased its stake in Ameresco by 6.9% in the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock valued at $160,000 after purchasing an additional 440 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of 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 purchasing an additional 3,855 shares during the period. 99.24% of the stock is currently owned by institutional investors.

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.