Ameresco (NYSE:AMRC) Raised to Sell at StockNews.com

StockNews.com upgraded shares of Ameresco (NYSE:AMRC) to a sell rating in a research report released on Monday.

Several other research firms have also issued reports on AMRC. B. Riley upgraded Ameresco to a strong-buy rating in a report on Tuesday, June 25th. UBS Group increased their price objective on Ameresco from $36.00 to $39.00 and gave the company a buy rating in a report on Tuesday, May 14th. Truist Financial lowered their target price on shares of Ameresco from $40.00 to $37.00 and set a buy rating on the stock in a report on Monday, April 22nd. BNP Paribas raised shares of Ameresco from a neutral rating to an outperform rating and set a $34.00 price target on the stock in a research report on Tuesday, March 12th. Finally, Oppenheimer reissued a market perform rating on shares of Ameresco in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $40.31.

Ameresco Price Performance

Shares of AMRC opened at $27.14 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.09. Ameresco has a twelve month low of $17.55 and a twelve month high of $63.19. The stock has a market capitalization of $1.42 billion, a P/E ratio of 24.67, a P/E/G ratio of 0.83 and a beta of 1.78. The company has a 50 day moving average of $29.92 and a 200-day moving average of $25.70.

Ameresco (NYSE:AMRC) last announced its earnings results on Tuesday, May 7th. The utilities provider reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. Ameresco had a net margin of 4.17% and a return on equity of 6.67%. The business had revenue of $298.41 million during the quarter, compared to analysts’ expectations of $255.38 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts forecast that Ameresco will post 1.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ameresco news, CAO Mark Chiplock sold 3,000 shares of Ameresco stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $35.00, for a total value of $105,000.00. Following the completion of the sale, the chief accounting officer now owns 348 shares in the company, valued at approximately $12,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Ameresco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG lifted its position in Ameresco by 16.6% during the third quarter. Deutsche Bank AG now owns 17,058 shares of the utilities provider’s stock worth $658,000 after purchasing an additional 2,426 shares during the period. Rhumbline Advisers lifted its holdings in shares of Ameresco by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 44,866 shares of the utilities provider’s stock worth $1,730,000 after acquiring an additional 465 shares during the period. Toroso Investments LLC acquired a new stake in shares of Ameresco during the 3rd quarter worth approximately $762,000. Ashford Capital Management Inc. bought a new position in Ameresco in the third quarter valued at approximately $7,858,000. Finally, Wellington Management Group LLP increased its stake in Ameresco by 17.8% in the third quarter. Wellington Management Group LLP now owns 1,169,158 shares of the utilities provider’s stock valued at $45,083,000 after acquiring an additional 176,971 shares during the last quarter. 99.24% of the stock is 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.