Insider Selling: Ameresco, Inc. (NYSE:AMRC) CFO Sells 5,000 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) CFO Spencer Doran Hole sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $26.53, for a total transaction of $132,650.00. Following the sale, the chief financial officer now directly owns 1,878 shares in the company, valued at approximately $49,823.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ameresco Price Performance

NYSE AMRC traded down $1.36 during trading hours on Wednesday, reaching $27.10. The company’s stock had a trading volume of 344,595 shares, compared to its average volume of 529,523. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 0.86 and a beta of 1.78. The company’s 50-day moving average is $30.78 and its two-hundred day moving average is $26.09. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.96. Ameresco, Inc. has a 1-year low of $17.55 and a 1-year high of $50.81.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.15). Ameresco had a return on equity of 6.67% and a net margin of 4.17%. The business had revenue of $437.98 million for the quarter, compared to analyst estimates of $373.75 million. During the same period in the previous year, the company earned $0.15 earnings per share. The company’s quarterly revenue was up 33.9% compared to the same quarter last year. On average, equities analysts predict that Ameresco, Inc. will post 1.36 EPS for the current year.

Hedge Funds Weigh In On Ameresco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC acquired a new position in shares of Ameresco during the 4th quarter worth about $62,000. nVerses Capital LLC acquired a new position in shares of Ameresco during the second quarter valued at approximately $75,000. Point72 DIFC Ltd purchased a new position in shares of Ameresco in the second quarter valued at approximately $86,000. GAMMA Investing LLC boosted its stake in shares of Ameresco by 1,215.2% in the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock worth $90,000 after acquiring an additional 2,880 shares during the last quarter. Finally, Cetera Trust Company N.A purchased a new stake in shares of Ameresco during the fourth quarter worth approximately $106,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMRC has been the topic of a number of research analyst reports. Oppenheimer reissued a “market perform” rating on shares of Ameresco in a report on Wednesday, April 17th. Piper Sandler cut their price objective on Ameresco from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Truist Financial reduced their price objective on Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. B. Riley upgraded Ameresco to a “strong-buy” rating in a research report on Tuesday, June 25th. Finally, StockNews.com raised shares of Ameresco to a “sell” rating in a research report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $38.00.

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.