Ameresco (NYSE:AMRC) Sets New 1-Year Low – Time to Sell?

Ameresco, Inc. (NYSE:AMRC)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $9.00 and last traded at $9.56, with a volume of 194581 shares traded. The stock had previously closed at $9.28.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMRC. Stifel Nicolaus reduced their price objective on Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Canaccord Genuity Group decreased their price objective on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, February 28th. UBS Group downgraded Ameresco from a “buy” rating to a “sell” rating and decreased their target price for the stock from $37.00 to $8.00 in a research report on Tuesday, March 4th. Finally, Robert W. Baird decreased their target price on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.57.

Ameresco Stock Performance

The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The company has a 50-day moving average of $14.85 and a 200-day moving average of $23.65. The firm has a market capitalization of $561.72 million, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.49 and a beta of 2.02.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.12. The firm had revenue of $532.67 million for the quarter, compared to analyst estimates of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. On average, equities research analysts forecast that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Insider Transactions at Ameresco

In other Ameresco news, CEO George P. Sakellaris bought 25,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $9.27 per share, for a total transaction of $231,750.00. Following the transaction, the chief executive officer now directly owns 978,638 shares in the company, valued at $9,071,974.26. The trade was a 2.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 17,225 shares of the company’s stock, valued at approximately $362,758.50. The trade was a 69.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. Insiders own 42.00% of the company’s stock.

Institutional Trading of Ameresco

A number of institutional investors have recently made changes to their positions in AMRC. FMR LLC lifted its position in Ameresco by 257.9% in the third quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after purchasing an additional 3,855 shares during the period. Verition Fund Management LLC boosted its stake in Ameresco by 50.4% during the third quarter. Verition Fund Management LLC now owns 11,285 shares of the utilities provider’s stock valued at $428,000 after buying an additional 3,780 shares in the last quarter. Stifel Financial Corp boosted its stake in Ameresco by 35.1% during the third quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider’s stock valued at $4,487,000 after buying an additional 30,718 shares in the last quarter. Wellington Management Group LLP grew its holdings in Ameresco by 81.3% during the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock worth $38,126,000 after acquiring an additional 450,571 shares during the period. Finally, Barclays PLC lifted its holdings in Ameresco by 204.2% in the 3rd quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock valued at $2,248,000 after acquiring an additional 39,773 shares during the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

Ameresco Company Profile

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.