Ameresco (NYSE:AMRC) Director Sells $13,600.00 in Stock

Ameresco, Inc. (NYSE:AMRC) Director Nickolas Stavropoulos sold 400 shares of Ameresco stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $34.00, for a total value of $13,600.00. Following the sale, the director owned 14,111 shares of the company’s stock, valued at approximately $479,774. This represents a 2.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Nickolas Stavropoulos also recently made the following trade(s):

• On Friday, February 20th, Nickolas Stavropoulos sold 15,700 shares of Ameresco stock. The stock was sold at an average price of $34.15, for a total transaction of $536,155.00.
• On Friday, February 13th, Nickolas Stavropoulos sold 245 shares of Ameresco stock. The stock was sold at an average price of $34.05, for a total transaction of $8,342.25.
• On Thursday, February 12th, Nickolas Stavropoulos sold 200 shares of Ameresco stock. The shares were sold at an average price of $34.00, for a total transaction of $6,800.00.
• On Wednesday, January 28th, Nickolas Stavropoulos sold 100 shares of Ameresco stock. The stock was sold at an average price of $34.00, for a total transaction of $3,400.00.

Ameresco Trading Down 1.3%

Shares of AMRC opened at $32.80 on Thursday. Ameresco, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $44.93. The stock has a fifty day moving average of $31.39 and a two-hundred day moving average of $31.92. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.50 and a current ratio of 1.51. The company has a market capitalization of $1.73 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 1.16 and a beta of 2.53.

Institutional Investors Weigh In On Ameresco

Several large investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in shares of Ameresco by 170.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after acquiring an additional 2,981,689 shares in the last quarter. First Trust Advisors LP raised its position in Ameresco by 1,832.5% in the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock valued at $26,965,000 after purchasing an additional 1,683,326 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Ameresco by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,272,601 shares of the utilities provider’s stock worth $37,274,000 after purchasing an additional 34,279 shares in the last quarter. DNB Asset Management AS boosted its position in shares of Ameresco by 3.8% in the second quarter. DNB Asset Management AS now owns 1,189,714 shares of the utilities provider’s stock worth $18,072,000 after buying an additional 43,411 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Ameresco by 10.7% in the fourth quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock valued at $31,246,000 after buying an additional 102,782 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AMRC has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of Ameresco from $23.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. B. Riley Financial increased their price target on shares of Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Jefferies Financial Group set a $45.00 price target on shares of Ameresco and gave the company a “buy” rating in a report on Tuesday, November 4th. Roth Mkm restated a “buy” rating on shares of Ameresco in a report on Wednesday, December 3rd. Finally, Stifel Nicolaus increased their target price on Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Ameresco has a consensus rating of “Moderate Buy” and an average price target of $37.80.

Ameresco Company Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.