Ameresco: 4 Different Insiders Have Purchased Shares During The Last 30 Days

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 |  About: Ameresco, Inc. (AMRC)
by: Markus Aarnio

Summary

4 insiders purchased Ameresco stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

2 of these 4 insiders increased their holdings by more than 10%.

Ameresco (NYSE:AMRC) provides energy efficiency solutions for facilities primarily in North America.

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Insider buying during the last 30 days

Here is a table of Ameresco's insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Rule 10b5-1 Plan Current Ownership Increase In Shares
Francis Wisneski Director May 12-13 3,500 No 42,035 shares +9.1%
Michael Jesanis Director May 12 2,000 No 10,000 shares +25.0%
Douglas Foy Director May 12 3,000 No 9,000 shares +50.0%
George Sakellaris CEO April 15 73,689 Yes 3,660,626 shares +2.1%
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There have been 82,189 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Ameresco's insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
May 2014 8,500 0
April 2014 200,000 0
March 2014 246,200 0
February 2014 0 0
January 2014 0 3,680
December 2013 0 0
November 2013 5,500 0
October 2013 0 13,858
September 2013 2,800 53,699
August 2013 6,800 20,000
July 2013 0 0
June 2013 0 40,000
May 2013 42,626 0
April 2013 0 0
March 2013 0 0
February 2013 0 0
January 2013 0 0
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There have been 512,426 shares purchased and there have been 131,237 shares sold by insiders since January 2013. The month of March 2014 has seen the most insider buying.

Financials

Ameresco reported the first-quarter financial results on May 8 with the following highlights:

Revenue $100.7 million
Net loss $8.3 million
Cash $20.7 million
Debt $121.2 million
Backlog $1.4 billion
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Three of these four insiders purchased their shares after these results.

Outlook

Ameresco's 2014 guidance is as follows:

Revenue $560-$600 million
Net income $8-$14 million
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Competition

Ameresco's competitors include Chevron (NYSE:CVX) and Johnson Controls (NYSE:JCI). Here is a table comparing these companies.

Company AMRC CVX JCI
Market Cap: 265.74M 238.62B 30.09B
Employees: 900 64,600 170,000
Qtrly Rev Growth (yoy): -0.09 -0.06 0.04
Revenue: 564.77M 208.43B 43.56B
Gross Margin: 0.18 0.28 0.16
EBITDA: 21.85M 39.91B 4.07B
Operating Margin: 0.00 0.12 0.07
Net Income: -3.94M 19.76B 1.57B
P/E: N/A 12.21 22.35
PEG (5 yr expected): 4.17 2.16 0.93
P/S: 0.49 1.15 0.69
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Ameresco has the lowest P/S ratio among these three companies.

Here is a table of these competitors' insider activities this year.

Company Insider buying / shares Insider selling / shares
CVX 2,000 188,000
JCI 0 18,000
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Only Ameresco has seen intensive insider buying during the last 30 days.

Conclusion

There have been four different insiders buying Ameresco, and there have not been any insiders selling Ameresco during the last 30 days. Two of these four insiders increased their holdings by more than 10%. Ameresco has an insider ownership of 33.94%.

The four insiders purchased their shares at prices ranging from $5.84 to $7.00. I believe Ameresco could be a good pick below $7 based on the intensive insider buying.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in AMRC over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.