Ameresco, Inc. (NYSE:AMRC) EVP David J. Corrsin Sells 54,543 Shares


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Ameresco, Inc. (NYSE:AMRC) EVP David J. Corrsin sold 54,543 shares of the company’s stock in a transaction dated Monday, January 11th. The shares were sold at an average price of $58.84, for a total transaction of $3,209,310.12. Following the sale, the executive vice president now directly owns 216,397 shares of the company’s stock, valued at $12,732,799.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of AMRC opened at $59.04 on Thursday. The firm has a market cap of $2.83 billion, a PE ratio of 54.17, a PEG ratio of 2.89 and a beta of 0.55. The firm’s 50 day moving average price is $49.38 and its 200 day moving average price is $37.73. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.32 and a current ratio of 1.35. Ameresco, Inc. has a twelve month low of $13.38 and a twelve month high of $63.45.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Monday, November 2nd. The utilities provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.13. The firm had revenue of $282.51 million for the quarter, compared to analyst estimates of $244.86 million. Ameresco had a net margin of 5.15% and a return on equity of 12.88%. On average, sell-side analysts anticipate that Ameresco, Inc. will post 1.01 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of AMRC. Captrust Financial Advisors acquired a new position in Ameresco during the second quarter valued at approximately $26,000. Exane Derivatives acquired a new position in Ameresco during the third quarter valued at approximately $26,000. Hudock Inc. acquired a new position in Ameresco during the third quarter valued at approximately $45,000. Winslow Evans & Crocker Inc. acquired a new position in Ameresco during the third quarter valued at approximately $61,000. Finally, Bank of Montreal Can grew its holdings in Ameresco by 371.0% during the second quarter. Bank of Montreal Can now owns 2,534 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 1,996 shares during the last quarter. 39.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have commented on AMRC. B. Riley upped their price objective on shares of Ameresco from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, November 3rd. Craig Hallum increased their price target on shares of Ameresco from $38.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. Canaccord Genuity increased their price target on shares of Ameresco from $36.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Oppenheimer increased their price target on shares of Ameresco from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 3rd. Finally, Zacks Investment Research raised shares of Ameresco from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Tuesday, January 5th. Seven research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $46.14.

Ameresco Company Profile

Ameresco, Inc engages in the provision of energy services, including energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation (DG), and All Other.

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