Ameresco (NYSE:AMRC) Given Neutral Rating at Robert W. Baird

Ameresco (NYSE:AMRC)‘s stock had its “neutral” rating restated by analysts at Robert W. Baird in a report issued on Tuesday,Benzinga reports. They presently have a $13.00 price target on the utilities provider’s stock, down from their previous price target of $25.00. Robert W. Baird’s target price suggests a potential upside of 28.59% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Canaccord Genuity Group cut their target price on Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, UBS Group cut Ameresco from a “buy” rating to a “sell” rating and lowered their price target for the company from $37.00 to $8.00 in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $24.86.

Ameresco Stock Up 1.2 %

AMRC opened at $10.11 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. Ameresco has a 12 month low of $9.00 and a 12 month high of $39.68. The stock’s 50 day moving average price is $13.76 and its 200 day moving average price is $22.69. The stock has a market cap of $531.19 million, a P/E ratio of 10.11, a P/E/G ratio of 0.49 and a beta of 2.02.

Ameresco (NYSE:AMRC) last issued 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 business had revenue of $532.67 million for the quarter, compared to analysts’ expectations of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. As a group, research analysts predict that Ameresco will post 1.15 earnings per share for the current year.

Insider Activity

In other news, Director Francis V. Wisneski, Jr. acquired 3,500 shares of Ameresco stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $9.67 per share, with a total value of $33,845.00. Following the completion of the purchase, the director now owns 17,738 shares of the company’s stock, valued at $171,526.46. This represents a 24.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George P. Sakellaris bought 25,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $9.27 per share, with a total value of $231,750.00. Following the completion of the acquisition, the chief executive officer now owns 978,638 shares of the company’s stock, valued at approximately $9,071,974.26. This trade represents a 2.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 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

Several hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in Ameresco by 132.0% in the 1st quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider’s stock worth $97,000 after acquiring an additional 4,557 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Ameresco in the 4th quarter valued at about $146,000. Cetera Trust Company N.A lifted its position in shares of Ameresco by 6.9% in the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 440 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Ameresco by 145.0% during the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 4,362 shares during the period. Finally, FMR LLC grew its position in Ameresco by 257.9% during the third quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock valued at $203,000 after purchasing an additional 3,855 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.