Ameresco (NYSE:AMRC) Earns Neutral Rating from Robert W. Baird

Ameresco (NYSE:AMRC)‘s stock had its “neutral” rating reissued by equities research analysts at Robert W. Baird in a research note issued on Tuesday, MarketBeat reports. They currently have a $13.00 price objective on the utilities provider’s stock, down from their previous price objective of $25.00. Robert W. Baird’s target price indicates a potential upside of 26.71% from the stock’s current price.

A number of other equities analysts also recently issued reports on AMRC. Canaccord Genuity Group cut their price target on Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus cut 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, UBS Group cut Ameresco from a “buy” rating to a “sell” rating and dropped their price objective for the company from $37.00 to $8.00 in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.86.

Ameresco Price Performance

AMRC stock opened at $10.26 on Tuesday. The company’s 50-day moving average is $13.32 and its 200-day moving average is $22.52. Ameresco has a 1 year low of $9.00 and a 1 year 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. The stock has a market capitalization of $539.07 million, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.49 and a beta of 2.02.

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

Insider Buying and Selling at Ameresco

In related news, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the transaction, the director now directly owns 17,225 shares in the company, valued at approximately $362,758.50. The trade was a 69.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Francis V. Wisneski, Jr. acquired 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $9.67 per share, for a total transaction of $33,845.00. Following the completion of the purchase, the director now owns 17,738 shares in the company, valued at $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 and have sold 40,085 shares worth $843,378. Corporate insiders own 42.00% of the company’s stock.

Institutional Trading of Ameresco

A number of hedge funds and other institutional investors have recently bought and sold shares of AMRC. Vanguard Group Inc. increased its holdings in shares of Ameresco by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider’s stock worth $74,767,000 after buying an additional 37,359 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Ameresco by 22.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider’s stock worth $27,230,000 after purchasing an additional 214,918 shares during the last quarter. First Trust Advisors LP boosted its holdings 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 purchasing an additional 464,737 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Ameresco by 0.6% during 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 last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Ameresco by 9.4% during the 4th quarter. American Century Companies Inc. now owns 752,375 shares of the utilities provider’s stock valued at $17,666,000 after buying an additional 64,764 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.