Ameresco (NYSE:AMRC) Trading Down 4.4% – Should You Sell?

Ameresco, Inc. (NYSE:AMRC) shares dropped 4.4% on Thursday . The stock traded as low as $9.77 and last traded at $9.74. Approximately 240,120 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 489,863 shares. The stock had previously closed at $10.19.

Analysts Set New Price Targets

AMRC has been the subject of a number of research reports. UBS Group downgraded shares of Ameresco from a “buy” rating to a “sell” rating and reduced their price target for the company from $37.00 to $8.00 in a report on Tuesday, March 4th. Stifel Nicolaus cut their price target on 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 decreased their price objective on Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Baird R W cut Ameresco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Robert W. Baird reissued a “neutral” rating and issued a $13.00 price target (down previously from $25.00) on shares of Ameresco in a report on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $24.86.

Ameresco Stock Down 0.5 %

The business’s 50 day moving average price is $13.32 and its 200-day moving average price is $22.52. 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 company has a market cap of $532.77 million, a P/E ratio of 10.14, a PEG ratio of 0.49 and a beta of 2.02.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, beating the consensus estimate 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%. On average, analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Ameresco

In related news, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the sale, the director now directly owns 17,225 shares of the company’s stock, valued at $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George P. Sakellaris bought 25,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $9.27 per share, for a total transaction of $231,750.00. Following the purchase, the chief executive officer now directly 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 position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 80,808 shares of company stock worth $785,274 and have sold 40,085 shares worth $843,378. Corporate insiders own 42.00% of the company’s stock.

Institutional Investors Weigh In On Ameresco

Several hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new position in shares of Ameresco in the 1st quarter valued at $1,043,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Ameresco in the first quarter worth about $250,000. Harbor Capital Advisors Inc. raised its position in shares of Ameresco by 731.8% during the first quarter. Harbor Capital Advisors Inc. now owns 230,705 shares of the utilities provider’s stock worth $2,787,000 after purchasing an additional 202,970 shares during the period. Clean Yield Group lifted its holdings in shares of Ameresco by 6.3% during the 1st quarter. Clean Yield Group now owns 112,746 shares of the utilities provider’s stock valued at $1,362,000 after purchasing an additional 6,718 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors bought a new stake in Ameresco during the 1st quarter worth approximately $211,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

About Ameresco

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.