Ameresco (NYSE:AMRC) Trading 2.5% Higher – Should You Buy?

Ameresco, Inc. (NYSE:AMRC)’s stock price traded up 2.5% on Friday . The stock traded as high as $12.52 and last traded at $12.61. 120,166 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 482,297 shares. The stock had previously closed at $12.30.

Analyst Upgrades and Downgrades

AMRC has been the subject of several recent analyst reports. Robert W. Baird cut their price objective on Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, February 28th. Stifel Nicolaus cut their price target 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. UBS Group cut shares of Ameresco from a “buy” rating to a “sell” rating and lowered their price objective for the company from $37.00 to $8.00 in a research report on Tuesday, March 4th. Finally, 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. Two 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’s stock. According to data from MarketBeat.com, Ameresco currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.63.

Ameresco Stock Performance

The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The company has a market cap of $652.40 million, a PE ratio of 12.42, a PEG ratio of 0.49 and a beta of 2.07. The business’s 50-day moving average is $16.73 and its 200 day moving average is $25.00.

Ameresco (NYSE:AMRC) last released its quarterly earnings data 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%. On average, equities research analysts predict that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Insider Transactions at Ameresco

In other Ameresco news, Director Francis V. Wisneski, Jr. acquired 3,500 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $9.67 per share, for a total transaction of $33,845.00. Following the transaction, the director now owns 17,738 shares in the company, valued at $171,526.46. This represents a 24.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George P. Sakellaris bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $9.27 per share, with a total value of $231,750.00. Following the acquisition, the chief executive officer now owns 978,638 shares of the company’s stock, valued at $9,071,974.26. This represents a 2.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 80,808 shares of company stock worth $785,274 and have sold 40,085 shares worth $843,378. Company insiders own 42.00% of the company’s stock.

Institutional Trading of Ameresco

Several large investors have recently added to or reduced their stakes in AMRC. Vanguard Group Inc. boosted its stake in shares of 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in 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 acquiring an additional 214,918 shares in the last quarter. Wellington Management Group LLP grew its holdings 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 acquiring an additional 450,571 shares during the period. First Trust Advisors LP raised its position in shares of Ameresco by 124.4% in the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider’s stock worth $19,682,000 after acquiring an additional 464,737 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Ameresco by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 758,952 shares of the utilities provider’s stock valued at $17,825,000 after purchasing an additional 4,177 shares during the period. 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.