Ameresco (NYSE:AMRC) Trading 5.8% Higher – Time to Buy?

Shares of Ameresco, Inc. (NYSE:AMRC) rose 5.8% during mid-day trading on Monday . The stock traded as high as $11.00 and last traded at $11.15. Approximately 29,830 shares changed hands during trading, a decline of 93% from the average daily volume of 458,742 shares. The stock had previously closed at $10.54.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Stifel Nicolaus dropped 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. Robert W. Baird cut their price objective on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Canaccord Genuity Group decreased their target price on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, UBS Group downgraded shares of Ameresco from a “buy” rating to a “sell” rating and cut their price target for the stock from $37.00 to $8.00 in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.63.

Ameresco Trading Up 9.2 %

The stock has a market capitalization of $604.69 million, a PE ratio of 11.51, a PEG ratio of 0.49 and a beta of 2.07. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The business’s 50-day moving average is $19.32 and its two-hundred day moving average is $26.21.

Ameresco (NYSE:AMRC) last announced its earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. The business 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, analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Insider Activity

In other Ameresco news, CEO George P. Sakellaris acquired 25,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $9.27 per share, for a total transaction of $231,750.00. Following the acquisition, the chief executive officer now directly owns 978,638 shares of the company’s stock, valued at $9,071,974.26. This trade represents a 2.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $9.67 per share, with a total value of $33,845.00. Following the transaction, the director now directly owns 17,738 shares of the company’s stock, valued at approximately $171,526.46. This represents a 24.58 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 80,808 shares of company stock worth $785,274. 42.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ameresco

Several institutional investors and hedge funds have recently made changes to their positions in AMRC. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after purchasing an additional 2,279 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Ameresco during the fourth quarter worth about $146,000. Cetera Trust Company N.A lifted its holdings in Ameresco by 6.9% in the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock worth $160,000 after acquiring an additional 440 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Ameresco by 145.0% during the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider’s stock valued at $172,000 after purchasing an additional 4,362 shares during the last quarter. Finally, FMR LLC raised its position in shares of Ameresco by 257.9% during the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after purchasing an additional 3,855 shares during the period. 99.24% of the stock is owned by institutional investors and hedge funds.

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.