Francis V. Wisneski, Jr. Purchases 3,500 Shares of Ameresco, Inc. (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) Director Francis V. Wisneski, Jr. purchased 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $9.67 per share, for a total transaction of $33,845.00. Following the transaction, the director now owns 17,738 shares of the company’s stock, valued at $171,526.46. This trade represents a 24.58 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Ameresco Price Performance

Shares of AMRC stock opened at $11.11 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The firm’s 50-day moving average is $20.98 and its two-hundred day moving average is $27.01. Ameresco, Inc. has a 12 month low of $9.04 and a 12 month high of $39.68. The company has a market capitalization of $582.75 million, a PE ratio of 11.11, a price-to-earnings-growth ratio of 0.49 and a beta of 2.07.

Ameresco (NYSE:AMRC) last issued its earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The company had revenue of $532.67 million for the quarter, compared to the consensus estimate of $524.31 million. Analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Hedge Funds Weigh In On Ameresco

A number of institutional investors have recently bought and sold shares of AMRC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Ameresco by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,684 shares of the utilities provider’s stock valued at $2,106,000 after acquiring an additional 13,127 shares during the last quarter. Voloridge Investment Management LLC increased its position in shares of Ameresco by 7.0% during the fourth quarter. Voloridge Investment Management LLC now owns 301,861 shares of the utilities provider’s stock valued at $7,088,000 after acquiring an additional 19,626 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Ameresco by 27.2% during the fourth quarter. Squarepoint Ops LLC now owns 71,891 shares of the utilities provider’s stock valued at $1,688,000 after acquiring an additional 15,388 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in shares of Ameresco during the fourth quarter valued at about $398,000. Finally, Silvercrest Asset Management Group LLC increased its position in shares of Ameresco by 41.8% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 241,761 shares of the utilities provider’s stock valued at $5,677,000 after acquiring an additional 71,236 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AMRC shares. Stifel Nicolaus dropped their target price on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday. Canaccord Genuity Group dropped their target price on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Robert W. Baird dropped their target price on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Finally, UBS Group lowered shares of Ameresco from a “buy” rating to a “sell” rating and dropped their target price for the company from $37.00 to $8.00 in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ameresco presently has an average rating of “Moderate Buy” and a consensus target price of $28.33.

Ameresco Company Profile

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.