Robert W. Baird Reiterates “Neutral” Rating for Ameresco (NYSE:AMRC)

Robert W. Baird reiterated their neutral rating on shares of Ameresco (NYSE:AMRC) in a report released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a $13.00 price objective on the utilities provider’s stock, down from their prior price objective of $25.00.

Several other analysts also recently weighed in on AMRC. UBS Group downgraded shares of 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. Canaccord Genuity Group dropped their target price on Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, Stifel Nicolaus cut their target price on Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Ameresco currently has an average rating of “Hold” and an average price target of $24.86.

Ameresco Stock Performance

Shares of Ameresco stock opened at $10.04 on Tuesday. The stock has a market capitalization of $527.72 million, a price-to-earnings ratio of 10.04, a PEG ratio of 0.49 and a beta of 2.02. The firm’s fifty day simple moving average is $13.10 and its 200-day simple moving average is $22.33. 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 has a 12 month low of $9.00 and a 12 month high of $39.68.

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

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $9.67 per share, for a total transaction of $33,845.00. Following the completion of the transaction, the director now directly owns 17,738 shares of the company’s stock, valued at $171,526.46. This trade represents a 24.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO George P. Sakellaris acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $9.96 per share, with a total value of $498,000.00. Following the completion of the transaction, the chief executive officer now directly owns 903,638 shares in the company, valued at approximately $9,000,234.48. The trade was a 5.86 % 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 valued at $785,274 and have sold 40,085 shares valued at $843,378. 42.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new position in shares of Ameresco during the first quarter valued at approximately $1,043,000. Dynamic Advisor Solutions LLC acquired a new position in Ameresco in the 1st quarter valued at $250,000. Harbor Capital Advisors Inc. grew its position in shares of Ameresco by 731.8% in the first quarter. Harbor Capital Advisors Inc. now owns 230,705 shares of the utilities provider’s stock valued at $2,787,000 after purchasing an additional 202,970 shares during the period. Clean Yield Group lifted its position in Ameresco by 6.3% during the first quarter. Clean Yield Group now owns 112,746 shares of the utilities provider’s stock worth $1,362,000 after buying an additional 6,718 shares during the period. Finally, Vanguard Capital Wealth Advisors acquired a new stake in Ameresco in the 1st quarter worth about $211,000. 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.