Ameresco Inc (NYSE:AMRC) insider Joseph P. Demanche sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $9.40, for a total transaction of $117,500.00. Following the completion of the transaction, the insider now owns 115,000 shares of the company’s stock, valued at $1,081,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Ameresco Inc (AMRC) opened at $9.40 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.29 and a quick ratio of 1.24. Ameresco Inc has a 1 year low of $4.80 and a 1 year high of $9.45. The company has a market cap of $423.18, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 2.84 and a beta of 1.13.

Ameresco (NYSE:AMRC) last posted its earnings results on Tuesday, October 31st. The utilities provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Ameresco had a net margin of 4.29% and a return on equity of 11.07%. The business had revenue of $204.74 million during the quarter, compared to the consensus estimate of $186.20 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. equities analysts expect that Ameresco Inc will post 0.42 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. TIAA FSB bought a new stake in shares of Ameresco during the 3rd quarter valued at $496,000. Dimensional Fund Advisors LP grew its position in shares of Ameresco by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 901,970 shares of the utilities provider’s stock valued at $6,945,000 after acquiring an additional 51,041 shares during the period. Franklin Resources Inc. bought a new stake in shares of Ameresco during the 2nd quarter valued at $2,410,000. Wells Fargo & Company MN grew its position in shares of Ameresco by 84.7% during the 2nd quarter. Wells Fargo & Company MN now owns 28,170 shares of the utilities provider’s stock valued at $217,000 after acquiring an additional 12,915 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Ameresco during the 3rd quarter valued at $167,000. 24.94% of the stock is owned by institutional investors and hedge funds.

AMRC has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Ameresco from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Zacks Investment Research downgraded shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $10.00 target price (up previously from $8.50) on shares of Ameresco in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.88.

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About Ameresco

Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.

Insider Buying and Selling by Quarter for Ameresco (NYSE:AMRC)

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