Ameresco, Inc. (NYSE:AMRC) EVP Joseph P. Demanche sold 12,500 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $9.20, for a total transaction of $115,000.00. Following the completion of the transaction, the executive vice president now directly owns 127,500 shares in the company, valued at approximately $1,173,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Ameresco, Inc. (AMRC) traded up $0.05 during mid-day trading on Thursday, hitting $9.00. 66,395 shares of the stock were exchanged, compared to its average volume of 128,258. Ameresco, Inc. has a fifty-two week low of $4.80 and a fifty-two week high of $9.30. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.24 and a current ratio of 1.29. The stock has a market cap of $404.98, a P/E ratio of 23.68, a PEG ratio of 2.72 and a beta of 1.13.
Ameresco (NYSE:AMRC) last issued its earnings results on Tuesday, October 31st. The utilities provider reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. The business had revenue of $204.74 million for the quarter, compared to the consensus estimate of $186.20 million. Ameresco had a net margin of 2.49% and a return on equity of 5.42%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS. equities analysts forecast that Ameresco, Inc. will post 0.42 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its holdings in Ameresco by 15.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 76,465 shares of the utilities provider’s stock valued at $658,000 after purchasing an additional 10,376 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Ameresco by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 943,907 shares of the utilities provider’s stock valued at $7,363,000 after purchasing an additional 41,937 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Ameresco during the 3rd quarter valued at $167,000. Wells Fargo & Company MN grew its holdings in Ameresco by 23.0% during the 3rd quarter. Wells Fargo & Company MN now owns 34,639 shares of the utilities provider’s stock valued at $270,000 after purchasing an additional 6,469 shares in the last quarter. Finally, Rock Point Advisors LLC grew its holdings in Ameresco by 1.0% during the 3rd quarter. Rock Point Advisors LLC now owns 819,978 shares of the utilities provider’s stock valued at $6,396,000 after purchasing an additional 8,202 shares in the last quarter. 24.59% of the stock is owned by institutional investors and hedge funds.
WARNING: “Insider Selling: Ameresco, Inc. (AMRC) EVP Sells 12,500 Shares of Stock” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/18/insider-selling-ameresco-inc-amrc-evp-sells-12500-shares-of-stock.html.
Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.
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.