Ameresco (AMRC) Insider Louis P. Maltezos Sells 5,000 Shares

Ameresco (NYSE:AMRC) insider Louis P. Maltezos sold 5,000 shares of Ameresco stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $12.49, for a total transaction of $62,450.00. Following the transaction, the insider now directly owns 5,000 shares in the company, valued at $62,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE AMRC opened at $12.55 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.42. Ameresco has a 12-month low of $5.25 and a 12-month high of $13.20. The firm has a market capitalization of $571.06, a price-to-earnings ratio of 16.73, a PEG ratio of 1.33 and a beta of 0.75.

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Ameresco (NYSE:AMRC) last released its quarterly earnings results on Tuesday, March 6th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.34. Ameresco had a net margin of 5.23% and a return on equity of 11.18%. The business had revenue of $211.10 million for the quarter, compared to analyst estimates of $187.00 million. During the same period in the previous year, the company earned $0.08 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. sell-side analysts anticipate that Ameresco will post 0.61 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Ameresco during the fourth quarter worth $1,673,000. Wells Fargo & Company MN lifted its stake in shares of Ameresco by 23.0% during the third quarter. Wells Fargo & Company MN now owns 34,639 shares of the utilities provider’s stock worth $270,000 after buying an additional 6,469 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Ameresco by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 943,907 shares of the utilities provider’s stock worth $7,363,000 after buying an additional 41,937 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Ameresco by 15.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 76,465 shares of the utilities provider’s stock worth $658,000 after buying an additional 10,376 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Ameresco by 10.7% during the fourth quarter. Franklin Resources Inc. now owns 649,900 shares of the utilities provider’s stock worth $5,589,000 after buying an additional 62,800 shares during the period. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the stock. ValuEngine lowered shares of Ameresco to a “strong-buy” rating in a report on Monday, April 2nd. Zacks Investment Research raised shares of Ameresco from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, March 8th. Roth Capital set a $13.00 price target on shares of Ameresco and gave the stock a “buy” rating in a report on Wednesday, March 7th. Finally, Canaccord Genuity set a $11.50 price target on shares of Ameresco and gave the stock a “buy” rating in a report on Sunday, March 4th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $11.38.

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About Ameresco

Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.

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

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