Insider Buying: Ameresco, Inc. (NYSE:AMRC) Director Acquires 1,908 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) Director Francis V. Wisneski, Jr. acquired 1,908 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $9.23 per share, with a total value of $17,610.84. Following the purchase, the director now owns 19,946 shares in the company, valued at $184,101.58. This represents a 10.58 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Ameresco Stock Down 6.6 %

Ameresco stock opened at $9.27 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The firm has a 50 day moving average price of $21.26 and a 200 day moving average price of $27.14. 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 $486.25 million, a PE ratio of 9.27, a price-to-earnings-growth ratio of 0.49 and a beta of 1.79.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The business had revenue of $532.67 million during the quarter, compared to analysts’ expectations of $524.31 million. Research analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Trading of Ameresco

A number of institutional investors and hedge funds have recently bought and sold shares of AMRC. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Ameresco by 1,294.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,279 shares during the period. FMR LLC lifted its holdings in Ameresco by 257.9% during the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after buying an additional 3,855 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Ameresco during the 4th quarter worth approximately $146,000. Cetera Trust Company N.A boosted its position in Ameresco by 6.9% in the 4th 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. Finally, Holocene Advisors LP purchased a new stake in shares of Ameresco during the third quarter worth $275,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

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.