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

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

Other equities analysts have also issued reports about the company. BNP Paribas upgraded Ameresco from a neutral rating to an outperform rating and set a $34.00 target price on the stock in a research note on Tuesday, March 12th. Raymond James lowered their target price on shares of Ameresco from $40.00 to $35.00 and set an outperform rating on the stock in a research note on Wednesday, April 3rd. UBS Group boosted their price target on shares of Ameresco from $36.00 to $39.00 and gave the stock a buy rating in a research note on Tuesday, May 14th. Piper Sandler decreased their price target on shares of Ameresco from $32.00 to $30.00 and set an overweight rating on the stock in a report on Thursday, April 11th. Finally, B. Riley raised shares of Ameresco to a strong-buy rating in a report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $40.31.

Ameresco Price Performance

AMRC stock opened at $27.14 on Monday. The firm has a 50 day moving average of $29.92 and a 200-day moving average of $25.70. The firm has a market capitalization of $1.42 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 0.83 and a beta of 1.78. Ameresco has a 12 month low of $17.55 and a 12 month high of $63.19. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.09.

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

Insiders Place Their Bets

In other news, CAO Mark Chiplock sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $35.00, for a total transaction of $105,000.00. Following the completion of the sale, the chief accounting officer now owns 348 shares of the company’s stock, valued at $12,180. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 42.00% of the company’s stock.

Institutional Trading of Ameresco

A number of institutional investors have recently modified their holdings of the company. Rhumbline Advisers increased its holdings in Ameresco by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 44,866 shares of the utilities provider’s stock valued at $1,730,000 after purchasing an additional 465 shares during the period. Bridge City Capital LLC increased its stake in shares of Ameresco by 0.8% during the first quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock valued at $1,927,000 after buying an additional 622 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Ameresco by 8.8% during the fourth quarter. Victory Capital Management Inc. now owns 9,318 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 752 shares in the last quarter. Otter Creek Advisors LLC lifted its stake in Ameresco by 1.2% in the fourth quarter. Otter Creek Advisors LLC now owns 68,816 shares of the utilities provider’s stock worth $2,181,000 after acquiring an additional 818 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its stake in Ameresco by 15.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 1,410 shares during the period. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

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.