Insider Buying: Ameresco, Inc. (NYSE:AMRC) CEO Acquires $231,750.00 in Stock

Ameresco, Inc. (NYSE:AMRC) CEO George P. Sakellaris purchased 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $9.27 per share, with a total value of $231,750.00. Following the transaction, the chief executive officer now owns 978,638 shares of the company’s stock, valued at $9,071,974.26. This represents a 2.62 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ameresco Stock Performance

Ameresco stock opened at $11.11 on Friday. The company has a 50 day moving average price of $20.74 and a 200-day moving average price of $26.88. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. Ameresco, Inc. has a fifty-two week low of $9.04 and a fifty-two week high of $39.68. The company has a market capitalization of $582.75 million, a PE ratio of 11.11, a P/E/G ratio of 0.49 and a beta of 2.07.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The firm had revenue of $532.67 million during the quarter, compared to the consensus estimate of $524.31 million. As a group, equities analysts forecast that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on AMRC. Stifel Nicolaus dropped their price target on Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday. StockNews.com upgraded Ameresco to a “sell” rating in a research report on Tuesday, November 12th. UBS Group downgraded shares of Ameresco from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $37.00 to $8.00 in a research note on Tuesday, March 4th. Canaccord Genuity Group decreased their price objective on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, Robert W. Baird decreased their price objective on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.33.

Institutional Trading of Ameresco

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Trust Company N.A increased its holdings in Ameresco by 6.9% during the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock valued at $160,000 after buying an additional 440 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ameresco by 1.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider’s stock valued at $977,000 after buying an additional 747 shares during the period. Bank of New York Mellon Corp increased its holdings in Ameresco by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider’s stock valued at $2,389,000 after buying an additional 859 shares during the period. MetLife Investment Management LLC increased its holdings in Ameresco by 10.4% during the fourth quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider’s stock valued at $482,000 after buying an additional 1,930 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Ameresco by 6.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,273 shares of the utilities provider’s stock valued at $711,000 after buying an additional 1,967 shares during the period. Institutional investors own 99.24% of the company’s stock.

Ameresco Company Profile

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.