Ameresco Inc (NYSE:AMRC) Director Francis V. Wisneski, Jr. sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $15.43, for a total transaction of $46,290.00. Following the completion of the transaction, the director now owns 105,676 shares in the company, valued at $1,630,580.68. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of AMRC stock opened at $14.93 on Friday. The stock has a market cap of $697.18 million, a PE ratio of 14.51, a P/E/G ratio of 1.13 and a beta of 0.39. Ameresco Inc has a 1-year low of $7.65 and a 1-year high of $16.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.53 and a current ratio of 1.42.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Tuesday, October 30th. The utilities provider reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.08. The business had revenue of $205.40 million for the quarter, compared to analyst estimates of $208.40 million. Ameresco had a net margin of 6.43% and a return on equity of 14.06%. The company’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 EPS. Analysts forecast that Ameresco Inc will post 0.77 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on AMRC shares. TheStreet upgraded shares of Ameresco from a “c+” rating to a “b-” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, November 1st. Canaccord Genuity increased their price objective on shares of Ameresco from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Oppenheimer set a $17.00 price objective on shares of Ameresco and gave the stock a “buy” rating in a report on Tuesday, October 30th. Finally, ValuEngine lowered shares of Ameresco from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $16.38.

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in Ameresco by 3.9% during the 3rd quarter. BlackRock Inc. now owns 1,008,974 shares of the utilities provider’s stock worth $13,773,000 after purchasing an additional 38,236 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Ameresco during the 3rd quarter worth approximately $162,000. Handelsbanken Fonder AB acquired a new stake in Ameresco during the 3rd quarter worth approximately $5,178,000. California Public Employees Retirement System increased its position in Ameresco by 5.1% during the 2nd quarter. California Public Employees Retirement System now owns 76,152 shares of the utilities provider’s stock worth $914,000 after purchasing an additional 3,688 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Ameresco during the 2nd quarter worth approximately $126,000. Institutional investors and hedge funds own 28.15% of the company’s stock.

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Ameresco Company Profile

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.

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