Ameresco Inc (NYSE:AMRC) Director Francis V. Wisneski, Jr. sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $15.43, for a total transaction of $46,290.00. Following the transaction, the director now owns 105,676 shares of the company’s stock, valued at approximately $1,630,580.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Ameresco stock traded down $0.31 during trading hours on Friday, reaching $14.93. 85,813 shares of the stock were exchanged, compared to its average volume of 176,553. The company has a market cap of $709.08 million, a P/E ratio of 19.64, a PEG ratio of 1.15 and a beta of 0.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.53 and a current ratio of 1.42. Ameresco Inc has a 52-week low of $7.65 and a 52-week high of $16.59.
Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Tuesday, October 30th. The utilities provider reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.08. The company had revenue of $205.40 million during the quarter, compared to the consensus estimate of $208.40 million. Ameresco had a net margin of 6.43% and a return on equity of 14.06%. Ameresco’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 EPS. As a group, equities analysts predict that Ameresco Inc will post 0.77 earnings per share for the current year.
A number of brokerages have commented on AMRC. TheStreet upgraded shares of Ameresco from a “c+” rating to a “b-” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, November 1st. Canaccord Genuity upped their price objective on shares of Ameresco from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Oppenheimer set a $17.00 price objective on shares of Ameresco and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Finally, ValuEngine downgraded shares of Ameresco from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $16.38.
Several institutional investors and hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System increased its holdings in shares of Ameresco by 5.1% in the 2nd quarter. California Public Employees Retirement System now owns 76,152 shares of the utilities provider’s stock valued at $914,000 after purchasing an additional 3,688 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Ameresco in the 2nd quarter valued at about $126,000. Citadel Advisors LLC purchased a new position in shares of Ameresco in the 2nd quarter valued at about $135,000. Engineers Gate Manager LP purchased a new position in shares of Ameresco in the 3rd quarter valued at about $162,000. Finally, Sei Investments Co. purchased a new position in shares of Ameresco in the 2nd quarter valued at about $206,000. Institutional investors and hedge funds own 28.15% of the company’s stock.
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Ameresco Company Profile
Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.
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