Ameresco (NYSE:AMRC) Upgraded at StockNews.com

StockNews.com upgraded shares of Ameresco (NYSE:AMRC) to a sell rating in a research report sent to investors on Wednesday morning.

A number of other equities research analysts have also weighed in on AMRC. Jefferies Financial Group began coverage on shares of Ameresco in a report on Wednesday, September 4th. They set a “hold” rating and a $33.00 price target for the company. Robert W. Baird raised their price target on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Piper Sandler lowered their price target on shares of Ameresco from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. B. Riley raised shares of Ameresco to a “strong-buy” rating in a report on Tuesday, June 25th. Finally, UBS Group raised their price target on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ameresco presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.08.

Ameresco Stock Performance

Shares of AMRC stock opened at $31.86 on Wednesday. The company’s fifty day simple moving average is $32.46 and its 200-day simple moving average is $29.78. Ameresco has a 52 week low of $17.55 and a 52 week high of $39.68. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.15. The company has a market cap of $1.67 billion, a PE ratio of 28.96, a P/E/G ratio of 1.21 and a beta of 1.79.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, August 5th. The utilities provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Ameresco had a net margin of 3.77% and a return on equity of 6.25%. The business had revenue of $437.98 million during the quarter, compared to analysts’ expectations of $373.75 million. During the same period in the prior year, the business posted $0.15 EPS. The business’s revenue was up 33.9% on a year-over-year basis. As a group, equities 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 Ameresco stock in a transaction dated Monday, August 12th. The shares were 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 5,221 shares of company stock valued at $140,814 in the last ninety days. Corporate insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in shares of Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after buying an additional 391 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Ameresco by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after buying an additional 618 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Ameresco by 358.8% in the 3rd quarter. SG Americas Securities LLC now owns 24,906 shares of the utilities provider’s stock valued at $945,000 after buying an additional 19,478 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Ameresco in the 2nd quarter valued at about $86,000. Finally, Maven Securities LTD bought a new stake in Ameresco in the 2nd quarter valued at about $360,000. 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.