Ameresco (NYSE:AMRC) Director Nickolas Stavropoulos Sells 400 Shares

Ameresco, Inc. (NYSE:AMRC) Director Nickolas Stavropoulos sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $34.00, for a total value of $13,600.00. Following the completion of the sale, the director directly owned 14,111 shares in the company, valued at $479,774. This trade represents a 2.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nickolas Stavropoulos also recently made the following trade(s):

• On Friday, February 20th, Nickolas Stavropoulos sold 15,700 shares of Ameresco stock. The stock was sold at an average price of $34.15, for a total value of $536,155.00.
• On Friday, February 13th, Nickolas Stavropoulos sold 245 shares of Ameresco stock. The shares were sold at an average price of $34.05, for a total value of $8,342.25.
• On Thursday, February 12th, Nickolas Stavropoulos sold 200 shares of Ameresco stock. The stock was 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 shares were sold at an average price of $34.00, for a total transaction of $3,400.00.

Ameresco Stock Performance

Shares of NYSE:AMRC traded down $0.97 on Monday, hitting $32.76. 295,282 shares of the company were exchanged, compared to its average volume of 500,217. The company’s 50 day moving average price is $31.18 and its two-hundred day moving average price is $31.73. Ameresco, Inc. has a one year low of $8.49 and a one year high of $44.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.50 and a current ratio of 1.51. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.17 and a beta of 2.53.

Wall Street Analysts Forecast Growth

AMRC has been the topic of several recent research reports. Cantor Fitzgerald started coverage on Ameresco in a report on Friday, January 23rd. They set an “overweight” rating and a $41.00 price objective on the stock. Roth Mkm reaffirmed a “buy” rating on shares of Ameresco in a research report on Wednesday, December 3rd. Wall Street Zen downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. B. Riley Financial boosted their price target on shares of Ameresco from $32.00 to $45.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, William Blair raised shares of Ameresco to a “hold” rating in a report on Tuesday, January 27th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.80.

Institutional Investors Weigh In On Ameresco

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Ameresco by 170.0% during 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 last quarter. First Trust Advisors LP grew its stake 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. Royce & Associates LP increased its holdings in shares of Ameresco by 197.6% during the third quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock worth $32,371,000 after buying an additional 640,106 shares in the last quarter. Granahan Investment Management LLC increased its holdings in shares of Ameresco by 108.4% during the third quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock worth $29,889,000 after buying an additional 462,875 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in shares of Ameresco by 91.6% in the third quarter. Handelsbanken Fonder AB now owns 605,330 shares of the utilities provider’s stock valued at $20,327,000 after acquiring an additional 289,381 shares during the last quarter. Institutional investors own 99.24% of the company’s stock.

Ameresco Company Profile

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.