Ameresco (NYSE:AMRC) Rating Lowered to Sell at UBS Group

Ameresco (NYSE:AMRC - Get Free Report) was downgraded by UBS Group from a "buy" rating to a "sell" rating in a report issued on Tuesday, MarketBeat.com reports. They currently have a $8.00 price objective on the utilities provider's stock, down from their previous price objective of $37.00. UBS Group's price target would suggest a potential downside of 28.01% from the stock's previous close.

A number of other analysts have also commented on AMRC. Robert W. Baird cut their price target on Ameresco from $42.00 to $25.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. Stifel Nicolaus boosted their price target on Ameresco from $32.00 to $34.00 and gave the company a "buy" rating in a report on Monday, November 11th. 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 report on Friday, February 28th. Finally, StockNews.com upgraded Ameresco to a "sell" rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.33.

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Ameresco Stock Up 19.6 %

Shares of Ameresco stock traded up $1.82 during trading on Tuesday, reaching $11.11. The stock had a trading volume of 1,991,361 shares, compared to its average volume of 628,304. The company has a market capitalization of $582.75 million, a price-to-earnings ratio of 11.11, a P/E/G ratio of 0.49 and a beta of 2.07. The stock has a fifty day moving average price of $20.98 and a two-hundred day moving average price of $27.01. Ameresco has a 52 week low of $9.04 and a 52 week high of $39.68. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.12. The company had revenue of $532.67 million for the quarter, compared to analyst estimates of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. Sell-side analysts predict that Ameresco will post 1.15 EPS for the current fiscal year.

Insider Activity

In other news, Director Jennifer L. Miller sold 40,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the transaction, the director now owns 17,225 shares of the company's stock, valued at approximately $362,758.50. This represents a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George P. Sakellaris bought 50,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $9.96 per share, for a total transaction of $498,000.00. Following the transaction, the chief executive officer now directly owns 903,638 shares of the company's stock, valued at $9,000,234.48. The trade was a 5.86 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 80,408 shares of company stock valued at $781,206. 42.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ameresco

Large investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. grew its position in 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 buying an additional 2,279 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Ameresco during the fourth quarter worth approximately $146,000. Cetera Trust Company N.A grew its position in Ameresco by 6.9% during the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock worth $160,000 after buying an additional 440 shares in the last quarter. Lazard Asset Management LLC grew its position in Ameresco by 145.0% during the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock worth $172,000 after buying an additional 4,362 shares in the last quarter. Finally, FMR LLC grew its position in Ameresco by 257.9% during the third quarter. FMR LLC now owns 5,350 shares of the utilities provider's stock worth $203,000 after buying an additional 3,855 shares in the last quarter. 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.