Shares of Ameresco Inc (NYSE:AMRC) have earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $18.63.
Several research analysts have recently weighed in on AMRC shares. Zacks Investment Research downgraded Ameresco from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. ValuEngine downgraded Ameresco from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.
In other news, CEO George P. Sakellaris sold 114,900 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $13.93, for a total transaction of $1,600,557.00. Following the completion of the transaction, the chief executive officer now directly owns 3,498,261 shares of the company’s stock, valued at approximately $48,730,775.73. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jennifer L. Miller bought 4,000 shares of Ameresco stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $14.15 per share, with a total value of $56,600.00. Following the completion of the purchase, the director now owns 12,000 shares in the company, valued at $169,800. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 433,400 shares of company stock valued at $6,285,737. Corporate insiders own 55.86% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of AMRC. Handelsbanken Fonder AB raised its stake in Ameresco by 14.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 618,896 shares of the utilities provider’s stock valued at $9,116,000 after purchasing an additional 79,146 shares during the last quarter. Capital Impact Advisors LLC raised its stake in Ameresco by 9.8% in the 2nd quarter. Capital Impact Advisors LLC now owns 123,068 shares of the utilities provider’s stock valued at $1,792,000 after purchasing an additional 10,989 shares during the last quarter. Strs Ohio raised its stake in Ameresco by 7.5% in the 2nd quarter. Strs Ohio now owns 41,800 shares of the utilities provider’s stock valued at $615,000 after purchasing an additional 2,900 shares during the last quarter. Guinness Atkinson Asset Management Inc raised its stake in Ameresco by 20.4% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 18,300 shares of the utilities provider’s stock valued at $270,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Guinness Asset Management Ltd raised its stake in Ameresco by 21.1% in the 2nd quarter. Guinness Asset Management Ltd now owns 29,800 shares of the utilities provider’s stock valued at $439,000 after purchasing an additional 5,200 shares during the last quarter. 30.89% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:AMRC opened at $15.18 on Tuesday. Ameresco has a 12-month low of $12.61 and a 12-month high of $18.05. The company has a market capitalization of $686.43 million, a PE ratio of 18.74, a PEG ratio of 1.07 and a beta of 0.45. The business has a 50 day moving average of $15.00 and a two-hundred day moving average of $14.86. The company has a current ratio of 1.51, a quick ratio of 1.47 and a debt-to-equity ratio of 0.65.
Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Ameresco had a return on equity of 8.29% and a net margin of 4.62%. The company had revenue of $198.20 million during the quarter, compared to the consensus estimate of $196.95 million. During the same period in the previous year, the company posted $0.19 earnings per share. Ameresco’s revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts predict that Ameresco will post 0.79 earnings per share for the current fiscal year.
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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