Ameresco (NYSE:AMRC) Stock Rating Lowered by Baird R W

Baird R W cut shares of Ameresco (NYSE:AMRC) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the company. UBS Group lowered Ameresco from a “buy” rating to a “sell” rating and lowered their target price for the company from $37.00 to $8.00 in a report on Tuesday, March 4th. Robert W. Baird restated a “neutral” rating and set a $13.00 price objective (down previously from $25.00) on shares of Ameresco in a report on Tuesday. Stifel Nicolaus decreased their target price on Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, Canaccord Genuity Group reduced their price objective on Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ameresco currently has a consensus rating of “Hold” and a consensus price target of $24.86.

Ameresco Price Performance

Shares of NYSE:AMRC opened at $9.61 on Tuesday. The stock has a market capitalization of $504.66 million, a P/E ratio of 9.61, a P/E/G ratio of 0.49 and a beta of 2.02. The business has a 50-day moving average of $13.53 and a two-hundred day moving average of $22.60. Ameresco has a fifty-two week low of $9.00 and a fifty-two week high of $39.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26.

Ameresco (NYSE:AMRC) last posted its earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The business had revenue of $532.67 million for the quarter, compared to analyst estimates of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. On average, equities research analysts predict that Ameresco will post 1.15 EPS for the current fiscal year.

Insider Activity at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the transaction, the director now owns 17,225 shares of the company’s stock, valued at approximately $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George P. Sakellaris bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $9.96 per share, for a total transaction of $498,000.00. Following the acquisition, the chief executive officer now directly owns 903,638 shares of the company’s stock, valued at approximately $9,000,234.48. The trade was a 5.86 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 80,808 shares of company stock valued at $785,274 and sold 40,085 shares valued at $843,378. 42.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC increased 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 buying an additional 196,776 shares during the period. Barclays PLC increased its position in Ameresco by 204.2% in the third quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock worth $2,248,000 after purchasing an additional 39,773 shares during the period. Victory Capital Management Inc. raised its holdings in Ameresco by 96.8% during the 4th quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider’s stock worth $1,060,000 after purchasing an additional 22,197 shares during the last quarter. Vanguard Group Inc. lifted its position in Ameresco by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider’s stock valued at $74,767,000 after purchasing an additional 37,359 shares during the period. Finally, Trexquant Investment LP boosted its stake in shares of Ameresco by 32.2% in the 4th quarter. Trexquant Investment LP now owns 225,269 shares of the utilities provider’s stock valued at $5,289,000 after purchasing an additional 54,868 shares during the last quarter. Institutional investors own 99.24% of the company’s stock.

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.