Ameresco, Inc. (NYSE:AMRC) insider Joseph P. Demanche sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $9.00, for a total transaction of $90,000.00. Following the transaction, the insider now directly owns 140,000 shares of the company’s stock, valued at approximately $1,260,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Ameresco, Inc. (AMRC) traded down $0.25 during midday trading on Friday, hitting $8.75. 32,105 shares of the stock were exchanged, compared to its average volume of 98,450. Ameresco, Inc. has a one year low of $4.80 and a one year high of $9.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.24 and a current ratio of 1.29. The firm has a market cap of $407.26, a P/E ratio of 23.65, a P/E/G ratio of 2.69 and a beta of 1.13.
Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. Ameresco had a net margin of 2.49% and a return on equity of 5.42%. The company had revenue of $204.74 million during the quarter, compared to the consensus estimate of $186.20 million. During the same quarter in the prior year, the company posted $0.16 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. analysts expect that Ameresco, Inc. will post 0.43 EPS for the current fiscal year.
Several large investors have recently modified their holdings of AMRC. Susquehanna International Group LLP purchased a new stake in shares of Ameresco during the 2nd quarter worth about $141,000. Parametric Portfolio Associates LLC grew its holdings in shares of Ameresco by 8.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 1,529 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Ameresco during the 2nd quarter worth about $148,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Ameresco during the 2nd quarter worth about $154,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Ameresco during the 3rd quarter worth about $167,000. Institutional investors and hedge funds own 24.59% of the company’s stock.
A number of research analysts have recently commented on AMRC shares. Zacks Investment Research downgraded shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $10.00 price objective (up previously from $8.50) on shares of Ameresco in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Ameresco currently has an average rating of “Hold” and an average price target of $8.88.
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Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.
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