Insider Selling: Ameresco, Inc. (NYSE:AMRC) Director Sells 40,000 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the sale, the director now owns 17,225 shares of the company’s stock, valued at $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Ameresco Stock Performance

AMRC traded down $0.47 during midday trading on Tuesday, reaching $20.40. The company had a trading volume of 385,581 shares, compared to its average volume of 416,666. The business has a 50-day moving average of $24.76 and a two-hundred day moving average of $28.92. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a 1 year low of $17.55 and a 1 year high of $39.68. The company has a market cap of $1.07 billion, a P/E ratio of 20.40, a P/E/G ratio of 0.58 and a beta of 1.79.

Institutional Investors Weigh In On Ameresco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMRC. Blue Trust Inc. boosted its stake in Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 391 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Ameresco by 1,294.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after buying an additional 2,279 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Ameresco by 19.8% during the third quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 618 shares during the last quarter. FMR LLC boosted its position in shares of Ameresco by 257.9% during the third quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after acquiring an additional 3,855 shares during the last quarter. Finally, PFG Investments LLC purchased a new position in Ameresco during the third quarter valued at $207,000. Institutional investors own 99.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMRC. Piper Sandler boosted their price objective on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Stifel Nicolaus boosted their target price on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded Ameresco to a “sell” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.90.

About Ameresco

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.