Ameresco (NYSE:AMRC) Lowered to Hold Rating by Baird R W

Baird R W lowered shares of Ameresco (NYSE:AMRC - Free Report) from a strong-buy rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus reduced their price target on shares of Ameresco from $34.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Robert W. Baird reaffirmed a "neutral" rating and set a $13.00 price target (down from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. Canaccord Genuity Group cut their price objective on Ameresco from $36.00 to $27.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, UBS Group cut Ameresco from a "buy" rating to a "sell" rating and decreased their target price for the stock from $37.00 to $8.00 in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $24.86.

Ameresco Stock Performance

Shares of NYSE AMRC traded down $0.15 during trading hours on Tuesday, reaching $10.04. The stock had a trading volume of 2,690,846 shares, compared to its average volume of 498,196. The company has a market cap of $527.72 million, a price-to-earnings ratio of 10.04, a PEG ratio of 0.49 and a beta of 2.02. Ameresco has a twelve month low of $9.00 and a twelve month high of $39.68. The business's fifty day moving average is $12.91 and its two-hundred day moving average is $22.04. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26.

Ameresco (NYSE:AMRC - Get Free Report) last issued its earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share 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 analyst estimates of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. As a group, research analysts expect that Ameresco will post 1.15 EPS for the current year.

Insiders Place Their Bets

In other Ameresco news, Director Francis V. Wisneski, Jr. bought 3,500 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $9.67 per share, for a total transaction of $33,845.00. Following the transaction, the director now owns 17,738 shares of the company's stock, valued at approximately $171,526.46. The trade was a 24.58 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George P. Sakellaris purchased 50,000 shares of Ameresco stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $9.96 per share, for a total transaction of $498,000.00. Following the completion of the transaction, the chief executive officer now directly owns 903,638 shares in the company, valued at $9,000,234.48. The trade was a 5.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 80,808 shares of company stock valued at $785,274 and sold 40,085 shares valued at $843,378. Company insiders own 42.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMRC. GAMMA Investing LLC raised its position in shares of Ameresco by 132.0% during the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock worth $97,000 after purchasing an additional 4,557 shares during the period. KLP Kapitalforvaltning AS bought a new position in Ameresco in the fourth quarter valued at approximately $146,000. Cetera Trust Company N.A boosted its holdings in shares of Ameresco by 6.9% in the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock valued at $160,000 after buying an additional 440 shares during the period. Lazard Asset Management LLC increased its position 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 worth $172,000 after acquiring an additional 4,362 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of 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 acquiring an additional 3,855 shares during the period. 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.