George P. Sakellaris Purchases 25,000 Shares of Ameresco, Inc. (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) CEO George P. Sakellaris purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of $9.27 per share, for a total transaction of $231,750.00. Following the completion of the purchase, the chief executive officer now directly owns 978,638 shares of the company’s stock, valued at $9,071,974.26. The trade was a 2.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ameresco Trading Down 6.6 %

Shares of NYSE:AMRC opened at $9.27 on Friday. Ameresco, Inc. has a 12 month low of $9.04 and a 12 month high of $39.68. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The company’s fifty day simple moving average is $21.26 and its 200 day simple moving average is $27.14. The firm has a market cap of $486.25 million, a price-to-earnings ratio of 9.27, a PEG 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 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The business had revenue of $532.67 million for the quarter, compared to analyst estimates of $524.31 million. As a group, research analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Ameresco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in Ameresco by 81.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock valued at $38,126,000 after buying an additional 450,571 shares during the last quarter. Stifel Financial Corp increased its stake in Ameresco by 35.1% in the 3rd quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider’s stock valued at $4,487,000 after buying an additional 30,718 shares during the last quarter. Barclays PLC increased its stake 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 last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Ameresco in the 4th quarter valued at $259,000. Finally, SG Americas Securities LLC increased its stake in 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 during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.