StockNews.com Upgrades Ameresco (NYSE:AMRC) to Sell

StockNews.com upgraded shares of Ameresco (NYSE:AMRC) to a sell rating in a research note issued to investors on Saturday morning.

A number of other brokerages also recently issued reports on AMRC. Stifel Nicolaus cut their price target on shares of Ameresco from $35.00 to $32.00 and set a buy rating for the company in a report on Thursday, May 9th. Truist Financial dropped their price target on Ameresco from $40.00 to $37.00 and set a buy rating for the company in a research report on Monday, April 22nd. B. Riley upgraded Ameresco to a strong-buy rating in a research report on Tuesday, June 25th. Piper Sandler reduced their price objective on shares of Ameresco from $37.00 to $35.00 and set an overweight rating on the stock in a research note on Tuesday, August 6th. Finally, UBS Group raised their price target on Ameresco from $36.00 to $39.00 and gave the stock a buy rating in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $38.00.

Ameresco Price Performance

Shares of AMRC opened at $27.77 on Friday. Ameresco has a 1-year low of $17.55 and a 1-year high of $48.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market cap of $1.45 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 0.86 and a beta of 1.78. The firm has a fifty day moving average price of $30.24 and a 200 day moving average price of $26.27.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, August 5th. The utilities provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Ameresco had a net margin of 4.17% and a return on equity of 6.67%. The business had revenue of $437.98 million during the quarter, compared to analysts’ expectations of $373.75 million. During the same period in the previous year, the company posted $0.15 earnings per share. Ameresco’s quarterly revenue was up 33.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Ameresco will post 1.36 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Spencer Doran Hole sold 5,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $26.53, for a total transaction of $132,650.00. Following the completion of the sale, the chief financial officer now owns 1,878 shares of the company’s stock, valued at approximately $49,823.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Mark Chiplock sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $35.00, for a total transaction of $105,000.00. Following the completion of the transaction, the chief accounting officer now owns 348 shares in the company, valued at $12,180. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Doran Hole sold 5,000 shares of Ameresco stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $26.53, for a total transaction of $132,650.00. Following the completion of the sale, the chief financial officer now owns 1,878 shares in the company, valued at $49,823.34. The disclosure for this sale can be found here. 42.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Trustees of Princeton University acquired a new stake in Ameresco in the fourth quarter worth about $7,170,000. Rock Point Advisors LLC lifted its position in shares of Ameresco by 97.8% during the 4th quarter. Rock Point Advisors LLC now owns 255,312 shares of the utilities provider’s stock valued at $8,086,000 after acquiring an additional 126,204 shares during the last quarter. Natixis bought a new stake in shares of Ameresco during the 1st quarter worth $480,000. Harbor Capital Advisors Inc. boosted its stake in shares of Ameresco by 187.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 68,787 shares of the utilities provider’s stock worth $1,982,000 after acquiring an additional 44,882 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of Ameresco during the first quarter worth $12,065,000. Institutional investors and hedge funds 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.