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

Robert W. Baird restated their neutral rating on shares of Ameresco (NYSE:AMRC) in a research note published on Tuesday morning, MarketBeat reports. The brokerage currently has a $13.00 target price on the utilities provider’s stock, down from their prior target price of $25.00.

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

Ameresco Stock Down 4.8 %

Shares of NYSE AMRC opened at $9.61 on Tuesday. The stock has a market capitalization of $504.66 million, a PE ratio of 9.61, a P/E/G ratio of 0.49 and a beta of 2.02. 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 business’s fifty day moving average price is $13.53 and its 200-day moving average price is $22.60. Ameresco has a one year low of $9.00 and a one year high of $39.68.

Ameresco (NYSE:AMRC) last released its quarterly earnings results 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. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The business had revenue of $532.67 million for the quarter, compared to the consensus estimate of $524.31 million. On average, equities research analysts anticipate that Ameresco will post 1.15 EPS for the current year.

Insider Activity

In related news, CEO George P. Sakellaris purchased 25,000 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $9.27 per share, with a total value of $231,750.00. Following the completion of the transaction, the chief executive officer now owns 978,638 shares of the company’s stock, valued at approximately $9,071,974.26. This represents a 2.62 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $9.67 per share, with a total value of $33,845.00. Following the acquisition, the director now directly owns 17,738 shares in the company, valued at $171,526.46. This trade represents a 24.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. Company insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Ameresco

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Ameresco by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider’s stock worth $74,767,000 after acquiring an additional 37,359 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ameresco by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider’s stock worth $27,230,000 after buying an additional 214,918 shares during the last quarter. First Trust Advisors LP raised its holdings in Ameresco by 124.4% in the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider’s stock valued at $19,682,000 after acquiring an additional 464,737 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Ameresco by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 758,952 shares of the utilities provider’s stock valued at $17,825,000 after purchasing an additional 4,177 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Ameresco by 9.4% in the 4th quarter. American Century Companies Inc. now owns 752,375 shares of the utilities provider’s stock worth $17,666,000 after purchasing an additional 64,764 shares during the last quarter. 99.24% of the stock is currently 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.