Ameresco (NYSE:AMRC) Trading Up 2.5% – Time to Buy?

Ameresco, Inc. (NYSE:AMRC) traded up 2.5% during mid-day trading on Friday . The stock traded as high as $12.52 and last traded at $12.61. 120,166 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 482,297 shares. The stock had previously closed at $12.30.

Analysts Set New Price Targets

Several research analysts have commented on AMRC shares. UBS Group downgraded Ameresco from a “buy” rating to a “sell” rating and cut their target price for the stock from $37.00 to $8.00 in a research note on Tuesday, March 4th. Stifel Nicolaus cut their price objective on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Robert W. Baird decreased their target price on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Finally, Canaccord Genuity Group cut their price target on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.63.

Ameresco Trading Up 1.0 %

The stock has a 50 day moving average of $16.95 and a 200 day moving average of $25.17. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The firm has a market cap of $652.40 million, a P/E ratio of 12.42, a PEG ratio of 0.49 and a beta of 2.07.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The company had revenue of $532.67 million for the quarter, compared to analysts’ expectations of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. As a group, equities research analysts predict that Ameresco, Inc. will post 1.15 EPS for the current year.

Insider Activity at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the transaction, the director now directly owns 17,225 shares of the company’s stock, valued at $362,758.50. The trade was a 69.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George P. Sakellaris acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $9.96 per share, with a total value of $498,000.00. Following the purchase, the chief executive officer now owns 903,638 shares of the company’s stock, valued at approximately $9,000,234.48. This trade represents a 5.86 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 80,808 shares of company stock valued at $785,274 and have sold 40,085 shares valued at $843,378. 42.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Ameresco

Several hedge funds have recently made changes to their positions in AMRC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Ameresco by 17.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,684 shares of the utilities provider’s stock valued at $2,106,000 after acquiring an additional 13,127 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Ameresco by 7.0% during the 4th quarter. Voloridge Investment Management LLC now owns 301,861 shares of the utilities provider’s stock valued at $7,088,000 after purchasing an additional 19,626 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Ameresco by 27.2% during the fourth quarter. Squarepoint Ops LLC now owns 71,891 shares of the utilities provider’s stock valued at $1,688,000 after buying an additional 15,388 shares during the period. Sherbrooke Park Advisers LLC bought a new position in Ameresco in the fourth quarter worth about $398,000. Finally, Silvercrest Asset Management Group LLC raised its stake in Ameresco by 41.8% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 241,761 shares of the utilities provider’s stock worth $5,677,000 after buying an additional 71,236 shares in the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

About Ameresco

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.