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 the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the sale, the director now owns 17,225 shares in the company, valued at $362,758.50. This represents a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ameresco Trading Up 4.4 %

Shares of AMRC stock opened at $21.07 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The business has a 50-day moving average price of $24.33 and a two-hundred day moving average price of $28.73. Ameresco, Inc. has a 12-month low of $17.55 and a 12-month high of $39.68. The firm has a market cap of $1.10 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 0.58 and a beta of 1.79.

Institutional Investors Weigh In On Ameresco

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. purchased a new position in Ameresco in the 2nd quarter worth approximately $406,000. The Manufacturers Life Insurance Company grew its holdings in shares of Ameresco by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock worth $356,000 after purchasing an additional 489 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Ameresco by 358.8% in the third quarter. SG Americas Securities LLC now owns 24,906 shares of the utilities provider’s stock worth $945,000 after buying an additional 19,478 shares during the period. GAMMA Investing LLC raised its holdings in Ameresco by 19.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after buying an additional 618 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after buying an additional 391 shares during the period. Institutional investors own 99.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com upgraded Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Piper Sandler raised their price target on Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus upped their price objective on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.56.

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.