David Anderson Sells 50,070 Shares of Ameresco (AMRC) Stock

Ameresco (NYSE:AMRC) insider David Anderson sold 50,070 shares of Ameresco stock in a transaction on Monday, April 9th. The shares were sold at an average price of $12.29, for a total value of $615,360.30. Following the completion of the sale, the insider now owns 474,400 shares in the company, valued at approximately $5,830,376. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AMRC stock opened at $12.20 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $566.51, a P/E ratio of 16.60, a PEG ratio of 1.32 and a beta of 0.75. Ameresco has a 12-month low of $5.25 and a 12-month high of $13.20.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Tuesday, March 6th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.34. The firm had revenue of $211.10 million for the quarter, compared to the consensus estimate of $187.00 million. Ameresco had a return on equity of 11.18% and a net margin of 5.23%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 EPS. research analysts expect that Ameresco will post 0.61 EPS for the current year.



AMRC has been the topic of a number of research analyst reports. Roth Capital set a $13.00 target price on Ameresco and gave the company a “buy” rating in a research report on Wednesday, March 7th. Canaccord Genuity set a $11.50 target price on Ameresco and gave the company a “buy” rating in a research report on Sunday, March 4th. ValuEngine downgraded Ameresco to a “strong-buy” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research upgraded Ameresco from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $11.38.

Hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Ameresco by 121.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,587 shares of the utilities provider’s stock valued at $151,000 after buying an additional 9,651 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Ameresco by 23.0% in the 3rd quarter. Wells Fargo & Company MN now owns 34,639 shares of the utilities provider’s stock valued at $270,000 after buying an additional 6,469 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Ameresco by 15.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 76,465 shares of the utilities provider’s stock valued at $658,000 after buying an additional 10,376 shares during the period. Two Sigma Investments LP raised its holdings in shares of Ameresco by 43.8% in the 4th quarter. Two Sigma Investments LP now owns 78,090 shares of the utilities provider’s stock valued at $672,000 after buying an additional 23,774 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Ameresco by 42.8% in the 4th quarter. Deutsche Bank AG now owns 137,959 shares of the utilities provider’s stock valued at $1,185,000 after buying an additional 41,337 shares during the period. Hedge funds and other institutional investors own 25.78% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “David Anderson Sells 50,070 Shares of Ameresco (AMRC) Stock” was first posted by Dakota Financial News and is the property of of Dakota Financial News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://dakotafinancialnews.com/2018/04/12/david-anderson-sells-50070-shares-of-ameresco-amrc-stock.html.

About Ameresco

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.

Insider Buying and Selling by Quarter for Ameresco (NYSE:AMRC)

Receive News & Ratings for Ameresco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameresco and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply