Ameresco (NYSE:AMRC) Trading 4% Higher

Ameresco, Inc. (NYSE:AMRC)’s share price traded up 4% during trading on Wednesday . The stock traded as high as $32.31 and last traded at $31.80. 33,548 shares traded hands during trading, a decline of 93% from the average session volume of 497,715 shares. The stock had previously closed at $30.59.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. B. Riley raised shares of Ameresco to a “strong-buy” rating in a report on Tuesday, June 25th. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research note on Saturday, August 17th. Jefferies Financial Group assumed coverage on shares of Ameresco in a research report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price objective for the company. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of Ameresco in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.69.

Ameresco Trading Down 0.2 %

The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 1.02 and a beta of 1.78. The business has a fifty day moving average of $29.77 and a two-hundred day moving average of $27.19. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.00 and a current ratio of 1.01.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.15). The firm had revenue of $437.98 million during the quarter, compared to analyst estimates of $373.75 million. Ameresco had a net margin of 3.77% and a return on equity of 6.25%. The firm’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. As a group, equities analysts expect that Ameresco, Inc. will post 1.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Ameresco

In other news, CFO Spencer Doran Hole sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 1,878 shares of the company’s stock, valued at approximately $49,823.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 42.00% of the stock is currently owned by insiders.

Institutional Trading of Ameresco

Hedge funds have recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in Ameresco in the 4th quarter worth about $62,000. nVerses Capital LLC purchased a new position in shares of Ameresco during the 2nd quarter worth about $75,000. Point72 DIFC Ltd acquired a new stake in shares of Ameresco in the second quarter worth approximately $86,000. GAMMA Investing LLC grew its holdings in Ameresco by 1,215.2% in the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 2,880 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Ameresco during the second quarter worth approximately $156,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.