Insider Buying: Ameresco, Inc. (NYSE:AMRC) Director Buys 1,908 Shares of Stock

Ameresco, Inc. (NYSE:AMRC - Get Free Report) Director Francis V. Wisneski, Jr. acquired 1,908 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $9.23 per share, with a total value of $17,610.84. Following the transaction, the director now owns 19,946 shares of the company's stock, valued at approximately $184,101.58. This trade represents a 10.58 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Ameresco Trading Up 19.6 %

Shares of Ameresco stock traded up $1.82 during mid-day trading on Friday, hitting $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 50-day moving average of $20.74 and a two-hundred day moving average of $26.87. Ameresco, Inc. has a 12-month low of $9.04 and a 12-month high of $39.68. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The firm has a market cap of $582.75 million, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 0.49 and a beta of 2.07.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $524.31 million. Sell-side analysts forecast that Ameresco, Inc. will post 1.15 earnings per share for the current year.

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Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMRC. UBS Group downgraded shares of Ameresco from a "buy" rating to a "sell" rating and reduced their price target for the stock from $37.00 to $8.00 in a research report on Tuesday, March 4th. Stifel Nicolaus reduced their price target on shares of Ameresco from $34.00 to $18.00 and set a "buy" rating for the company in a research report on Wednesday. Canaccord Genuity Group reduced their price target 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. StockNews.com upgraded shares of Ameresco to a "sell" rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird reduced their price target 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 analysts have rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $28.33.

Institutional Trading of Ameresco

Several hedge funds have recently made changes to their positions in AMRC. Vanguard Group Inc. boosted its position in shares of Ameresco by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider's stock worth $74,767,000 after purchasing an additional 37,359 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Ameresco by 22.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider's stock worth $27,230,000 after purchasing an additional 214,918 shares during the period. Wellington Management Group LLP boosted its position in shares of Ameresco by 81.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider's stock worth $38,126,000 after purchasing an additional 450,571 shares during the period. First Trust Advisors LP boosted its position in shares of Ameresco by 124.4% during the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider's stock worth $19,682,000 after purchasing an additional 464,737 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Ameresco by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 758,952 shares of the utilities provider's stock worth $17,825,000 after purchasing an additional 4,177 shares during the period. Hedge funds and other institutional investors own 99.24% of the company's stock.

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.