Ameresco, Inc. (NYSE:AMRC - Get Free Report) Director Nickolas Stavropoulos sold 400 shares of Ameresco stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $34.00, for a total value of $13,600.00. Following the completion of the transaction, the director directly owned 14,111 shares in the company, valued at approximately $479,774. This represents a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Nickolas Stavropoulos also recently made the following trade(s):
- On Friday, February 20th, Nickolas Stavropoulos sold 15,700 shares of Ameresco stock. The shares were sold at an average price of $34.15, for a total transaction of $536,155.00.
- On Friday, February 13th, Nickolas Stavropoulos sold 245 shares of Ameresco stock. The stock was sold at an average price of $34.05, for a total transaction of $8,342.25.
- On Thursday, February 12th, Nickolas Stavropoulos sold 200 shares of Ameresco stock. The shares were sold at an average price of $34.00, for a total transaction of $6,800.00.
- On Wednesday, January 28th, Nickolas Stavropoulos sold 100 shares of Ameresco stock. The stock was sold at an average price of $34.00, for a total transaction of $3,400.00.
Ameresco Price Performance
Shares of NYSE AMRC opened at $32.76 on Tuesday. The company has a market capitalization of $1.73 billion, a PE ratio of 27.53, a P/E/G ratio of 1.17 and a beta of 2.53. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 1.57. Ameresco, Inc. has a twelve month low of $8.49 and a twelve month high of $44.93. The firm has a fifty day simple moving average of $31.24 and a 200 day simple moving average of $31.82.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. B. Riley Financial upped their target price on Ameresco from $32.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, October 31st. Stifel Nicolaus boosted their price target on Ameresco from $31.00 to $37.00 and gave the company a "buy" rating in a research note on Friday, November 14th. William Blair upgraded Ameresco to a "hold" rating in a report on Tuesday, January 27th. Jefferies Financial Group set a $45.00 price objective on shares of Ameresco and gave the company a "buy" rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen downgraded shares of Ameresco from a "hold" rating to a "sell" rating in a research report on Saturday, January 10th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $37.80.
View Our Latest Research Report on AMRC
Hedge Funds Weigh In On Ameresco
A number of institutional investors have recently modified their holdings of the company. Wellington Management Group LLP grew its position in Ameresco by 170.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider's stock valued at $159,021,000 after purchasing an additional 2,981,689 shares during the period. First Trust Advisors LP raised its holdings in Ameresco by 1,832.5% during the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider's stock worth $26,965,000 after buying an additional 1,683,326 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Ameresco by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,272,601 shares of the utilities provider's stock valued at $37,274,000 after buying an additional 34,279 shares in the last quarter. DNB Asset Management AS grew its holdings in shares of Ameresco by 3.8% during the second quarter. DNB Asset Management AS now owns 1,189,714 shares of the utilities provider's stock valued at $18,072,000 after buying an additional 43,411 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Ameresco by 10.7% during the fourth quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider's stock valued at $31,246,000 after buying an additional 102,782 shares during the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.
Ameresco Company Profile
(
Get Free Report)
Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.
Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.
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