Thomas S. Murley Sells 6,000 Shares of Ameresco, Inc. (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) Director Thomas S. Murley sold 6,000 shares of the company’s stock in a transaction on Wednesday, June 9th. The stock was sold at an average price of $58.86, for a total value of $353,160.00. Following the transaction, the director now owns 12,500 shares of the company’s stock, valued at $735,750. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of AMRC stock opened at $57.74 on Friday. The company’s 50-day moving average price is $51.34. Ameresco, Inc. has a fifty-two week low of $20.07 and a fifty-two week high of $70.25. The company has a market capitalization of $2.96 billion, a PE ratio of 48.52, a P/E/G ratio of 2.37 and a beta of 0.46. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.38 and a quick ratio of 1.36.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, May 3rd. The utilities provider reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.15. Ameresco had a return on equity of 12.44% and a net margin of 5.51%. The business had revenue of $252.20 million during the quarter, compared to analysts’ expectations of $202.52 million. Sell-side analysts expect that Ameresco, Inc. will post 1.28 EPS for the current year.

A number of hedge funds have recently made changes to their positions in AMRC. Stephens Investment Management Group LLC bought a new position in Ameresco during the first quarter valued at about $32,351,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Ameresco during the fourth quarter valued at $30,075,000. Standard Life Aberdeen plc purchased a new stake in shares of Ameresco during the first quarter valued at $23,956,000. Handelsbanken Fonder AB lifted its holdings in shares of Ameresco by 23.0% during the first quarter. Handelsbanken Fonder AB now owns 2,452,614 shares of the utilities provider’s stock valued at $119,271,000 after purchasing an additional 459,137 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Ameresco during the first quarter valued at $18,062,000. 47.64% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on AMRC. Canaccord Genuity upped their price objective on Ameresco from $52.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, March 3rd. Stifel Nicolaus initiated coverage on Ameresco in a research note on Tuesday, April 13th. They issued a “buy” rating and a $58.00 price target for the company. Robert W. Baird initiated coverage on Ameresco in a research note on Thursday, March 25th. They issued an “outperform” rating and a $51.00 price target for the company. William Blair initiated coverage on Ameresco in a research note on Wednesday, April 7th. They issued an “outperform” rating for the company. Finally, Oppenheimer increased their price target on Ameresco from $48.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 2nd. Eleven investment analysts have rated the stock with a buy rating, Ameresco presently has an average rating of “Buy” and an average price target of $60.40.

Ameresco Company Profile

Ameresco, Inc provides comprehensive energy services for businesses and organizations in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S.

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