Ameresco (NYSE:AMRC) Trading Down 4.7%

Shares of Ameresco, Inc. (NYSE:AMRCGet Free Report) fell 4.7% during mid-day trading on Friday . The stock traded as low as $33.64 and last traded at $33.85. 16,465 shares were traded during trading, a decline of 97% from the average session volume of 536,131 shares. The stock had previously closed at $35.52.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMRC. Robert W. Baird increased their price objective on shares of Ameresco from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. UBS Group increased their price objective on shares of Ameresco from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Oppenheimer reissued a “market perform” rating on shares of Ameresco in a research report on Wednesday, April 17th. BNP Paribas upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 target price for the company in a report on Tuesday, March 12th. Finally, StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.31.

Read Our Latest Stock Analysis on AMRC

Ameresco Trading Down 5.8 %

The business’s 50 day moving average price is $26.27 and its 200-day moving average price is $25.59. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.09. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.03 and a beta of 1.78.

Ameresco (NYSE:AMRCGet Free Report) last posted its earnings results on Tuesday, May 7th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The company had revenue of $298.41 million during the quarter, compared to analysts’ expectations of $255.38 million. Ameresco had a net margin of 4.17% and a return on equity of 6.67%. Ameresco’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 EPS. On average, equities analysts anticipate that Ameresco, Inc. will post 1.38 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Mark Chiplock sold 3,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $35.00, for a total transaction of $105,000.00. Following the transaction, the chief accounting officer now directly owns 348 shares of the company’s stock, valued at $12,180. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 3,287 shares of company stock valued at $110,892. 42.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ameresco

Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in Ameresco by 1.0% in the 3rd quarter. Rhumbline Advisers now owns 44,866 shares of the utilities provider’s stock valued at $1,730,000 after buying an additional 465 shares during the period. Bridge City Capital LLC boosted its stake in shares of Ameresco by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 622 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Ameresco by 8.8% in the 4th quarter. Victory Capital Management Inc. now owns 9,318 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 752 shares in the last quarter. Otter Creek Advisors LLC boosted its stake in shares of Ameresco by 1.2% in the 4th quarter. Otter Creek Advisors LLC now owns 68,816 shares of the utilities provider’s stock valued at $2,181,000 after purchasing an additional 818 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Ameresco by 1.4% in the 3rd quarter. Swiss National Bank now owns 71,300 shares of the utilities provider’s stock valued at $2,749,000 after purchasing an additional 1,000 shares in the last quarter. 99.24% of the stock is owned by institutional investors.

Ameresco Company Profile

(Get Free Report)

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.

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