Ameresco Inc (NYSE:AMRC) EVP Louis P. Maltezos sold 5,000 shares of Ameresco stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $14.01, for a total value of $70,050.00. Following the completion of the transaction, the executive vice president now owns 35,000 shares of the company’s stock, valued at approximately $490,350. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Ameresco stock traded down $0.05 on Friday, hitting $13.70. 3,433 shares of the company were exchanged, compared to its average volume of 107,392. The stock has a market cap of $649.61 million, a P/E ratio of 17.96, a P/E/G ratio of 1.14 and a beta of 0.84. Ameresco Inc has a 1-year low of $7.15 and a 1-year high of $15.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.53.
Ameresco (NYSE:AMRC) last issued its earnings results on Tuesday, August 7th. The utilities provider reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.09. The business had revenue of $196.98 million for the quarter, compared to analysts’ expectations of $182.50 million. Ameresco had a return on equity of 13.83% and a net margin of 6.15%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. research analysts expect that Ameresco Inc will post 0.71 EPS for the current fiscal year.
Separately, ValuEngine upgraded Ameresco from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $12.63.
Several institutional investors have recently modified their holdings of AMRC. Bandera Partners LLC acquired a new position in shares of Ameresco during the 1st quarter worth approximately $4,809,000. First Trust Advisors LP boosted its holdings in shares of Ameresco by 623.5% during the 2nd quarter. First Trust Advisors LP now owns 189,623 shares of the utilities provider’s stock worth $2,275,000 after purchasing an additional 163,413 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ameresco by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,289,714 shares of the utilities provider’s stock worth $15,476,000 after purchasing an additional 146,253 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Ameresco by 13.3% during the 2nd quarter. BlackRock Inc. now owns 970,738 shares of the utilities provider’s stock worth $11,649,000 after purchasing an additional 114,297 shares during the last quarter. Finally, EAM Global Investors LLC acquired a new position in shares of Ameresco during the 1st quarter worth approximately $1,306,000. Institutional investors and hedge funds own 27.46% of the company’s stock.
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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