Ameresco (NYSE:AMRC) Stock Price Up 5.8% – Here’s Why

Ameresco, Inc. (NYSE:AMRC)’s share price traded up 5.8% during trading on Monday . The stock traded as high as $11.00 and last traded at $11.15. 29,830 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 458,742 shares. The stock had previously closed at $10.54.

Analyst Ratings Changes

Several equities analysts have recently commented on AMRC shares. Robert W. Baird lowered their price target on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Canaccord Genuity Group cut their target price on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Stifel Nicolaus cut their target price on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Finally, UBS Group lowered Ameresco from a “buy” rating to a “sell” rating and cut their target price for the company from $37.00 to $8.00 in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.63.

Ameresco Trading Up 4.2 %

The firm has a fifty day moving average price of $18.67 and a 200-day moving average price of $25.95. The company has a market capitalization of $632.96 million, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 0.49 and a beta of 2.07. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27.

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

Insider Buying and Selling

In related news, CEO George P. Sakellaris bought 25,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $9.27 per share, for a total transaction of $231,750.00. Following the completion of the transaction, the chief executive officer now owns 978,638 shares of the company’s stock, valued at approximately $9,071,974.26. The trade was a 2.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Francis V. Wisneski, Jr. acquired 3,500 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $9.67 per share, for a total transaction of $33,845.00. Following the acquisition, the director now owns 17,738 shares of the company’s stock, valued at approximately $171,526.46. This trade represents a 24.58 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 80,808 shares of company stock worth $785,274. 42.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Ameresco

Hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. lifted its stake in Ameresco by 1,294.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 2,279 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Ameresco in the fourth quarter valued at about $146,000. Cetera Trust Company N.A boosted its position in shares of Ameresco by 6.9% during the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock worth $160,000 after acquiring an additional 440 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Ameresco by 145.0% during the 4th quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider’s stock valued at $172,000 after buying an additional 4,362 shares in the last quarter. Finally, FMR LLC raised its stake in Ameresco by 257.9% during the third quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock valued at $203,000 after purchasing an additional 3,855 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

Ameresco Company Profile

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.