Ameresco (NYSE:AMRC) Stock Rating Lowered by Zacks Investment Research

Ameresco (NYSE:AMRC) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Ameresco, Inc. is an independent provider of comprehensive energy efficiency solutions for facilities throughout North America. The Company’s solutions include upgrades to a facility’s energy infrastructure, and the construction and operation of renewable energy plants. It engages in the development, design, engineering, and installation of projects that reduce the energy, as well as operation and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Ameresco, Inc. is headquartered in Framingham, Massachusetts. “

Separately, ValuEngine cut Ameresco from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Ameresco currently has a consensus rating of “Buy” and a consensus price target of $18.30.



Shares of AMRC stock traded down $0.22 during mid-day trading on Wednesday, hitting $14.21. The stock had a trading volume of 4,795 shares, compared to its average volume of 123,507. Ameresco has a 12-month low of $11.73 and a 12-month high of $18.05. The firm has a market capitalization of $679.94 million, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.05 and a beta of 0.45. The firm’s 50-day moving average is $14.87 and its two-hundred day moving average is $15.02. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.51 and a quick ratio of 1.47.

Ameresco (NYSE:AMRC) last issued its earnings results on Thursday, August 8th. The utilities provider reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Ameresco had a return on equity of 8.29% and a net margin of 4.62%. The business had revenue of $198.20 million during the quarter, compared to analysts’ expectations of $196.95 million. During the same period in the prior year, the business earned $0.19 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts expect that Ameresco will post 0.8 EPS for the current year.

In related news, Director Jennifer L. Miller acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $14.15 per share, for a total transaction of $56,600.00. Following the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $169,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George P. Sakellaris sold 114,900 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $13.93, for a total value of $1,600,557.00. Following the sale, the chief executive officer now owns 3,498,261 shares of the company’s stock, valued at $48,730,775.73. The disclosure for this sale can be found here. Insiders have sold a total of 433,400 shares of company stock valued at $6,285,737 over the last 90 days. 55.86% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in Ameresco by 32.3% during the 2nd quarter. BlackRock Inc. now owns 1,469,588 shares of the utilities provider’s stock valued at $21,648,000 after buying an additional 358,410 shares in the last quarter. Bandera Partners LLC increased its position in Ameresco by 70.9% during the 2nd quarter. Bandera Partners LLC now owns 683,684 shares of the utilities provider’s stock valued at $10,071,000 after buying an additional 283,684 shares in the last quarter. Marshall Wace LLP acquired a new position in Ameresco during the 1st quarter valued at about $1,838,000. Invesco Ltd. increased its position in Ameresco by 29.9% during the 2nd quarter. Invesco Ltd. now owns 407,370 shares of the utilities provider’s stock valued at $6,001,000 after buying an additional 93,836 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its position in Ameresco by 14.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 618,896 shares of the utilities provider’s stock valued at $9,116,000 after buying an additional 79,146 shares in the last quarter. Hedge funds and other institutional investors own 30.89% of the company’s stock.

About Ameresco

Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.

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