Ameresco, Inc. (NYSE:AMRC) Director Sells $842,400.00 in Stock

Ameresco, Inc. (NYSE:AMRC) Director Jennifer L. Miller sold 40,000 shares of the business’s 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 sale, the director now directly owns 17,225 shares of the company’s stock, valued at approximately $362,758.50. This trade represents a 69.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ameresco Trading Down 2.2 %

AMRC stock traded down $0.47 during trading on Tuesday, reaching $20.40. The company had a trading volume of 385,581 shares, compared to its average volume of 416,666. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. Ameresco, Inc. has a 52 week low of $17.55 and a 52 week high of $39.68. The business has a 50 day moving average of $24.76 and a 200 day moving average of $28.92. The company has a market cap of $1.07 billion, a P/E ratio of 20.40, a PEG ratio of 0.58 and a beta of 1.79.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sei Investments Co. bought a new position in shares of Ameresco during the second quarter valued at approximately $406,000. The Manufacturers Life Insurance Company grew its stake 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 buying an additional 489 shares during the last quarter. SG Americas Securities LLC increased its position in Ameresco by 358.8% during the 3rd quarter. SG Americas Securities LLC now owns 24,906 shares of the utilities provider’s stock valued at $945,000 after buying an additional 19,478 shares in the last quarter. GAMMA Investing LLC raised its stake in Ameresco by 19.8% during the third 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 holdings in Ameresco by 100.3% in the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 391 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

Analyst Ratings Changes

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

About Ameresco

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.