Ameresco’s (AMRC) “Neutral” Rating Reiterated at Robert W. Baird

Ameresco (NYSE:AMRC)‘s stock had its “neutral” rating reaffirmed by Robert W. Baird in a report released 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 points to a potential upside of 28.59% from the stock’s current price.

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

Ameresco Trading Up 1.2 %

Shares of AMRC stock opened at $10.11 on Tuesday. Ameresco has a fifty-two week low of $9.00 and a fifty-two week high of $39.68. The firm’s 50 day moving average price is $13.76 and its two-hundred day moving average price is $22.69. The stock has a market cap of $531.19 million, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 0.49 and a beta of 2.02. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The firm had revenue of $532.67 million during the quarter, compared to analysts’ expectations of $524.31 million. On average, analysts anticipate that Ameresco will post 1.15 EPS for the current year.

Insider Buying and Selling at Ameresco

In other Ameresco news, CEO George P. Sakellaris acquired 50,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $9.96 per share, with a total value of $498,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 903,638 shares in the company, valued at $9,000,234.48. This trade represents a 5.86 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jennifer L. Miller sold 40,000 shares of the 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 sale, the director now directly owns 17,225 shares in the company, valued at $362,758.50. This trade represents a 69.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 80,808 shares of company stock worth $785,274 and have sold 40,085 shares worth $843,378. 42.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ameresco

Several institutional investors and hedge funds have recently bought and sold shares of AMRC. FMR LLC raised its position in shares of Ameresco by 257.9% during the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after purchasing an additional 3,855 shares during the period. Barclays PLC increased its position in Ameresco by 204.2% in the third quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock worth $2,248,000 after buying an additional 39,773 shares during the period. Geode Capital Management LLC increased its position in Ameresco by 1.4% in the third quarter. Geode Capital Management LLC now owns 754,775 shares of the utilities provider’s stock worth $28,642,000 after buying an additional 10,197 shares during the period. Cetera Trust Company N.A lifted its stake in Ameresco by 6.9% in the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock valued at $160,000 after buying an additional 440 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Ameresco by 70.7% during the fourth quarter. SG Americas Securities LLC now owns 42,506 shares of the utilities provider’s stock valued at $998,000 after acquiring an additional 17,600 shares during the period. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.