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

Ameresco, Inc. (NYSE:AMRC) Director Francis V. Wisneski, Jr. sold 2,000 shares of Ameresco stock in a transaction that occurred 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 transaction, the director now owns 11,176 shares of the company’s stock, valued at approximately $481,350.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ameresco Trading Down 2.9 %

Shares of NYSE AMRC opened at $43.36 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 0.90. The business has a fifty day simple moving average of $50.68 and a two-hundred day simple moving average of $47.61. The firm has a market cap of $2.26 billion, a PE ratio of 43.80, a price-to-earnings-growth ratio of 0.93 and a beta of 1.29. Ameresco, Inc. has a twelve month low of $39.62 and a twelve month high of $76.54.

Ameresco (NYSE:AMRC) last issued its earnings results 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 for the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.62 earnings per share. Analysts expect that Ameresco, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Legato Capital Management LLC raised its position in shares of Ameresco by 18.5% in the 2nd quarter. Legato Capital Management LLC now owns 25,010 shares of the utilities provider’s stock worth $1,216,000 after acquiring an additional 3,907 shares in the last quarter. Bridge City Capital LLC raised its position in shares of Ameresco by 18.3% in the 2nd quarter. Bridge City Capital LLC now owns 70,392 shares of the utilities provider’s stock worth $3,423,000 after acquiring an additional 10,884 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Ameresco by 29.5% in the 2nd quarter. Wells Fargo & Company MN now owns 19,021 shares of the utilities provider’s stock worth $925,000 after acquiring an additional 4,332 shares in the last quarter. Connors Investor Services Inc. raised its position in shares of Ameresco by 1.0% in the 2nd quarter. Connors Investor Services Inc. now owns 61,687 shares of the utilities provider’s stock worth $3,000,000 after acquiring an additional 589 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Ameresco by 77.9% in the 2nd quarter. Captrust Financial Advisors now owns 24,613 shares of the utilities provider’s stock worth $1,197,000 after acquiring an additional 10,774 shares in the last quarter. 61.61% of the stock is owned by institutional investors.

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.