Francis V. Wisneski, Jr. Sells 2,000 Shares of Ameresco, Inc. (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) Director Francis V. Wisneski, Jr. sold 2,000 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $43.07, for a total value of $86,140.00. Following the completion of the sale, the director now directly owns 11,176 shares of the company’s stock, valued at approximately $481,350.32. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Ameresco Price Performance

Shares of Ameresco stock opened at $43.49 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 0.90. Ameresco, Inc. has a twelve month low of $39.62 and a twelve month high of $76.54. The business has a 50-day moving average price of $50.62 and a 200 day moving average price of $47.58. The firm has a market cap of $2.27 billion, a PE ratio of 43.93, a P/E/G ratio of 0.93 and a beta of 1.29.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The firm had revenue of $327.07 million during the quarter, compared to analysts’ expectations of $290.97 million. Ameresco had a net margin of 3.85% and a return on equity of 6.59%. The company’s revenue for the quarter was down 43.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 EPS. Sell-side analysts predict that Ameresco, Inc. will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMRC. JPMorgan Chase & Co. lifted its holdings in Ameresco by 24.8% in the 1st quarter. JPMorgan Chase & Co. now owns 89,815 shares of the utilities provider’s stock valued at $7,141,000 after purchasing an additional 17,857 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Ameresco by 58.9% during the 1st quarter. MetLife Investment Management LLC now owns 15,991 shares of the utilities provider’s stock worth $1,271,000 after acquiring an additional 5,927 shares during the period. Rhumbline Advisers raised its holdings in shares of Ameresco by 6.8% during the 1st quarter. Rhumbline Advisers now owns 32,223 shares of the utilities provider’s stock worth $2,562,000 after acquiring an additional 2,055 shares during the period. BlackRock Inc. raised its holdings in shares of Ameresco by 3.2% during the 1st quarter. BlackRock Inc. now owns 2,355,254 shares of the utilities provider’s stock worth $187,241,000 after acquiring an additional 72,667 shares during the period. Finally, Cibc World Market Inc. raised its holdings in shares of Ameresco by 5.1% during the 1st quarter. Cibc World Market Inc. now owns 8,278 shares of the utilities provider’s stock worth $658,000 after acquiring an additional 399 shares during the period. Hedge funds and other institutional investors own 61.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMRC shares. Craig Hallum raised their price objective on Ameresco from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. B. Riley lowered their price target on Ameresco from $63.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, June 30th. Piper Sandler lowered their price target on Ameresco from $66.00 to $64.00 in a research report on Wednesday, August 9th. Bank of America lowered their price target on Ameresco from $59.00 to $53.00 in a research report on Thursday, May 18th. Finally, Oppenheimer lifted their price target on Ameresco from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Ameresco has a consensus rating of “Moderate Buy” and a consensus target price of $62.92.

About Ameresco

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. The company operates through U.S. Regions, U.S. Federal, Canada, and Alternative Fuels segments. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.