Jennifer L. Miller Sells 40,000 Shares of Ameresco, Inc. (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the transaction, the director now owns 17,225 shares in the company, valued at approximately $362,758.50. This represents a 69.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ameresco Price Performance

Shares of AMRC opened at $20.40 on Wednesday. The business has a 50-day moving average of $24.64 and a 200-day moving average of $28.85. Ameresco, Inc. has a 1 year low of $17.55 and a 1 year high of $39.68. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 0.58 and a beta of 1.79. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of Ameresco by 100.3% during the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after buying an additional 391 shares during the period. Cetera Trust Company N.A grew its holdings in Ameresco by 6.9% during the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock worth $160,000 after acquiring an additional 440 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Ameresco by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock worth $356,000 after acquiring an additional 489 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Ameresco by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 618 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Ameresco by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider’s stock valued at $2,389,000 after purchasing an additional 859 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMRC. Piper Sandler upped their price objective on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus upped their price target on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com raised Ameresco to a “sell” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.90.

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.