Ameresco, Inc. (NYSE:AMRC) Director Jennifer L. Miller Sells 40,000 Shares

Ameresco, Inc. (NYSE:AMRC) Director Jennifer L. Miller sold 40,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the sale, the director now directly owns 17,225 shares of the company’s stock, valued at $362,758.50. This represents a 69.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ameresco Stock Down 2.2 %

NYSE AMRC opened at $20.40 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 0.58 and a beta of 1.79. The company has a 50 day moving average of $24.64 and a 200-day moving average of $28.85. Ameresco, Inc. has a 1-year low of $17.55 and a 1-year high of $39.68.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMRC. Piper Sandler increased their price objective on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus upped their price target 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 shares of Ameresco to a “sell” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.90.

Hedge Funds Weigh In On Ameresco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its holdings in shares of Ameresco by 81.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock worth $38,126,000 after purchasing an additional 450,571 shares in the last quarter. Stifel Financial Corp grew its stake in Ameresco by 35.1% during the third quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider’s stock worth $4,487,000 after buying an additional 30,718 shares in the last quarter. Barclays PLC increased its holdings in Ameresco by 204.2% in the 3rd quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock valued at $2,248,000 after buying an additional 39,773 shares during the period. SG Americas Securities LLC raised its position in shares of Ameresco by 70.7% in the 4th quarter. SG Americas Securities LLC now owns 42,506 shares of the utilities provider’s stock valued at $998,000 after buying an additional 17,600 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Ameresco by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 754,775 shares of the utilities provider’s stock worth $28,642,000 after acquiring an additional 10,197 shares during the period. 99.24% of the stock is owned by institutional investors and hedge funds.

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.