Insider Selling: Ameresco, Inc. (NYSE:AMRC) Insider Sells 10,000 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) insider Joseph P. Demanche sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $9.00, for a total transaction of $90,000.00. Following the completion of the sale, the insider now owns 140,000 shares of the company’s stock, valued at $1,260,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ameresco, Inc. (AMRC) opened at $9.00 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 0.57. Ameresco, Inc. has a 12 month low of $4.80 and a 12 month high of $9.10. The company has a market cap of $409.53, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. Ameresco had a net margin of 2.49% and a return on equity of 5.42%. The firm had revenue of $204.74 million during the quarter, compared to analyst estimates of $186.20 million. During the same period in the previous year, the business posted $0.16 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. sell-side analysts expect that Ameresco, Inc. will post 0.42 earnings per share for the current year.

A number of research analysts recently weighed in on AMRC shares. Zacks Investment Research lowered shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub lowered shares of Ameresco from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $10.00 price objective (up previously from $8.50) on shares of Ameresco in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $8.88.

A number of large investors have recently bought and sold shares of AMRC. Franklin Resources Inc. bought a new stake in Ameresco during the 2nd quarter valued at $2,410,000. TIAA FSB purchased a new position in Ameresco during the 3rd quarter valued at $496,000. Dimensional Fund Advisors LP increased its position in Ameresco by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 901,970 shares of the utilities provider’s stock valued at $6,945,000 after purchasing an additional 51,041 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in Ameresco during the 3rd quarter valued at $167,000. Finally, State Street Corp increased its position in Ameresco by 6.3% during the 2nd quarter. State Street Corp now owns 336,858 shares of the utilities provider’s stock valued at $2,593,000 after purchasing an additional 20,094 shares during the period. Institutional investors own 24.59% of the company’s stock.

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About Ameresco

Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.

Insider Buying and Selling by Quarter for Ameresco (NYSE:AMRC)

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