Ameresco, Inc. (NYSE:AMRC) shares reached a new 52-week high during trading on Thursday . The company traded as high as $9.00 and last traded at $8.80, with a volume of 165600 shares changing hands. The stock had previously closed at $8.70.
A number of research analysts have commented on AMRC shares. Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Thursday, November 2nd. Oppenheimer reaffirmed a “buy” rating and set a $10.00 price target (up previously from $8.50) on shares of Ameresco in a research report on Wednesday, November 1st. Finally, BidaskClub lowered Ameresco from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $8.88.
The company has a market cap of $398.16, a PE ratio of 23.65, a PEG ratio of 2.69 and a beta of 1.13. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 0.57.
Ameresco (NYSE:AMRC) last announced its earnings results on Tuesday, October 31st. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. Ameresco had a return on equity of 5.42% and a net margin of 2.49%. The firm had revenue of $204.74 million during the quarter, compared to analyst estimates of $186.20 million. During the same quarter in the prior year, the company earned $0.16 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. analysts anticipate that Ameresco, Inc. will post 0.43 EPS for the current year.
In related news, insider Joseph P. Demanche sold 9,471 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $8.80, for a total value of $83,344.80. Following the sale, the insider now owns 154,688 shares in the company, valued at approximately $1,361,254.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph P. Demanche sold 7,007 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $8.00, for a total value of $56,056.00. Following the completion of the sale, the insider now owns 196,625 shares in the company, valued at approximately $1,573,000. The disclosure for this sale can be found here. Insiders sold a total of 61,790 shares of company stock valued at $528,015 in the last three months. Corporate insiders own 58.36% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of Ameresco by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 943,907 shares of the utilities provider’s stock worth $7,363,000 after buying an additional 41,937 shares during the last quarter. Rock Point Advisors LLC grew its stake in shares of Ameresco by 1.0% in the 3rd quarter. Rock Point Advisors LLC now owns 819,978 shares of the utilities provider’s stock worth $6,396,000 after buying an additional 8,202 shares during the last quarter. State Street Corp grew its stake in shares of Ameresco by 6.3% in the 2nd quarter. State Street Corp now owns 336,858 shares of the utilities provider’s stock worth $2,593,000 after buying an additional 20,094 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Ameresco in the 2nd quarter worth approximately $2,410,000. Finally, Geode Capital Management LLC grew its stake in shares of Ameresco by 4.1% in the 1st quarter. Geode Capital Management LLC now owns 136,680 shares of the utilities provider’s stock worth $895,000 after buying an additional 5,443 shares during the last quarter. Institutional investors own 24.59% of the company’s stock.
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Ameresco Company Profile
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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