Ameresco (NYSE:AMRC) Reaches New 52-Week Low Following Analyst Downgrade

Ameresco, Inc. (NYSE:AMRC) hit a new 52-week low during mid-day trading on Friday after Robert W. Baird lowered their price target on the stock from $42.00 to $25.00. Robert W. Baird currently has an outperform rating on the stock. Ameresco traded as low as $13.04 and last traded at $12.90, with a volume of 156877 shares traded. The stock had previously closed at $18.33.

A number of other equities analysts have also recently weighed in on AMRC. StockNews.com raised Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Stifel Nicolaus boosted their price target on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, UBS Group reduced their price target on shares of Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

Insider Activity at Ameresco

In related news, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the sale, the director now owns 17,225 shares of the company’s stock, valued at approximately $362,758.50. This trade represents a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ameresco

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP increased its holdings in Ameresco by 124.4% in the fourth quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider’s stock worth $19,682,000 after buying an additional 464,737 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Ameresco by 81.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock worth $38,126,000 after purchasing an additional 450,571 shares during the last quarter. DnB Asset Management AS increased its stake in shares of Ameresco by 59.6% during the 4th quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider’s stock worth $14,403,000 after purchasing an additional 229,128 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ameresco by 22.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider’s stock valued at $27,230,000 after purchasing an additional 214,918 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of Ameresco by 87.7% in the 4th quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider’s stock valued at $9,888,000 after purchasing an additional 196,776 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Price Performance

The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The stock has a market capitalization of $666.60 million, a P/E ratio of 12.82, a PEG ratio of 0.49 and a beta of 1.79. The stock’s fifty day moving average is $22.27 and its 200-day moving average is $27.62.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.12. The company had revenue of $532.67 million during 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%. On average, equities analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current year.

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.