Ameresco (NYSE:AMRC) Lifted to “Sell” at StockNews.com

Ameresco (NYSE:AMRC) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a research note issued on Tuesday.

Several other research analysts also recently commented on AMRC. Jefferies Financial Group started coverage on shares of Ameresco in a report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 target price on the stock. Robert W. Baird boosted their price objective on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Piper Sandler lowered their target price on Ameresco from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. B. Riley upgraded Ameresco to a “strong-buy” rating in a report on Tuesday, June 25th. Finally, UBS Group raised their price objective on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.46.

Ameresco Stock Down 1.7 %

Shares of AMRC stock traded down $0.63 on Tuesday, hitting $37.31. The company’s stock had a trading volume of 242,256 shares, compared to its average volume of 486,143. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 1.31 and a beta of 1.78. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $39.68. The firm’s fifty day moving average price is $31.28 and its 200-day moving average price is $28.69. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.01 and a quick ratio of 1.00.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). The company had revenue of $437.98 million for the quarter, compared to analyst estimates of $373.75 million. Ameresco had a net margin of 3.77% and a return on equity of 6.25%. The business’s revenue was up 33.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS. Research analysts anticipate that Ameresco will post 1.16 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Spencer Doran Hole sold 5,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $26.53, for a total value of $132,650.00. Following the completion of the transaction, the chief financial officer now directly owns 1,878 shares of the company’s stock, valued at approximately $49,823.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 5,221 shares of company stock worth $140,814 over the last quarter. Company insiders own 42.00% of the company’s stock.

Institutional Investors Weigh In On Ameresco

Large investors have recently made changes to their positions in the company. LGT Group Foundation bought a new position in Ameresco during the 2nd quarter valued at about $20,325,000. Swedbank AB acquired a new stake in shares of Ameresco during the first quarter worth approximately $12,065,000. Point72 Asset Management L.P. bought a new position in shares of Ameresco in the second quarter valued at approximately $10,821,000. First Trust Advisors LP boosted its holdings in shares of Ameresco by 59.9% in the 4th quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider’s stock worth $25,128,000 after acquiring an additional 297,236 shares in the last quarter. Finally, Redwood Grove Capital LLC bought a new stake in Ameresco during the 1st quarter worth approximately $7,170,000. Institutional investors 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.