Francis V. Wisneski, Jr. Purchases 3,500 Shares of Ameresco, Inc. (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) Director Francis V. Wisneski, Jr. purchased 3,500 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $9.67 per share, with a total value of $33,845.00. Following the transaction, the director now directly owns 17,738 shares in the company, valued at approximately $171,526.46. This trade represents a 24.58 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Ameresco Trading Up 19.6 %

NYSE AMRC opened at $11.11 on Friday. The company has a fifty day simple moving average of $20.98 and a two-hundred day simple moving average of $27.01. The stock has a market cap of $582.75 million, a P/E ratio of 11.11, a P/E/G ratio of 0.49 and a beta of 2.07. Ameresco, Inc. has a 12-month low of $9.04 and a 12-month high of $39.68. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Ameresco

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Trust Company N.A increased its stake in shares of Ameresco by 6.9% in the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock worth $160,000 after acquiring an additional 440 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 grew its position 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 grew its position 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 grew its position 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 and hedge funds own 99.24% of the company’s stock.

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.