Ameresco, Inc. (NYSE:AMRC) CEO George P. Sakellaris Buys 20,000 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) CEO George P. Sakellaris bought 20,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of $22.59 per share, for a total transaction of $451,800.00. Following the completion of the transaction, the chief executive officer now owns 793,720 shares in the company, valued at $17,930,134.80. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ameresco Stock Performance

AMRC opened at $22.52 on Tuesday. The firm has a market capitalization of $1.18 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 0.76 and a beta of 1.53. The stock’s 50 day moving average price is $34.47 and its two-hundred day moving average price is $43.16. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.14. Ameresco, Inc. has a 12-month low of $18.40 and a 12-month high of $68.75.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, November 6th. The utilities provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.07). Ameresco had a return on equity of 5.59% and a net margin of 3.69%. The firm had revenue of $335.15 million for the quarter, compared to analyst estimates of $385.05 million. During the same period in the previous year, the business posted $0.54 EPS. Ameresco’s revenue for the quarter was down 24.1% compared to the same quarter last year. On average, equities analysts forecast that Ameresco, Inc. will post 1.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMRC. Roth Mkm raised Ameresco from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Wednesday, October 25th. Craig Hallum upped their target price on Ameresco from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Piper Sandler dropped their target price on Ameresco from $64.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday, October 6th. William Blair downgraded Ameresco from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.85.

Institutional Trading of Ameresco

Several institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. grew its holdings in shares of Ameresco by 9.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,657 shares of the utilities provider’s stock worth $129,000 after purchasing an additional 234 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Ameresco by 1.5% during the 2nd quarter. MetLife Investment Management LLC now owns 16,887 shares of the utilities provider’s stock worth $821,000 after purchasing an additional 250 shares in the last quarter. Connors Investor Services Inc. grew its holdings in shares of Ameresco by 0.5% during the 4th quarter. Connors Investor Services Inc. now owns 56,043 shares of the utilities provider’s stock worth $3,202,000 after purchasing an additional 263 shares in the last quarter. Arizona State Retirement System boosted its stake in Ameresco by 2.9% in the 1st quarter. Arizona State Retirement System now owns 9,335 shares of the utilities provider’s stock valued at $459,000 after buying an additional 266 shares in the last quarter. Finally, PFG Investments LLC boosted its stake in Ameresco by 3.7% in the 2nd quarter. PFG Investments LLC now owns 10,626 shares of the utilities provider’s stock valued at $517,000 after buying an additional 375 shares in the last quarter. Institutional investors and hedge funds own 61.61% of the company’s stock.

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, 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.