Ameresco (NYSE:AMRC) Sees Strong Trading Volume - Still a Buy?

Ameresco, Inc. (NYSE:AMRC - Get Free Report) saw strong trading volume on Monday . 624,555 shares traded hands during mid-day trading, an increase of 32% from the previous session's volume of 473,863 shares.The stock last traded at $11.54 and had previously closed at $11.80.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com raised Ameresco to a "sell" rating in a research report on Tuesday, November 12th. Robert W. Baird dropped their target price on Ameresco from $42.00 to $25.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. UBS Group cut Ameresco from a "buy" rating to a "sell" rating and dropped their target price for the stock from $37.00 to $8.00 in a research report on Tuesday. Canaccord Genuity Group lowered their price objective on Ameresco from $36.00 to $27.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, Stifel Nicolaus lowered their price objective on Ameresco from $34.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $28.33.

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Ameresco Price Performance

The firm has a 50 day moving average of $21.26 and a 200-day moving average of $27.14. The company has a market cap of $486.25 million, a P/E ratio of 9.27, a P/E/G ratio of 0.49 and a beta of 1.79. 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 earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.12. The company 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, equities research analysts predict that Ameresco, Inc. will post 1.15 EPS for the current year.

Insider Activity at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of Ameresco 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 sale, the director now owns 17,225 shares of the company's stock, valued at $362,758.50. The trade was a 69.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO George P. Sakellaris acquired 50,000 shares of Ameresco stock in a transaction on 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 purchase, the chief executive officer now owns 903,638 shares in the company, valued at approximately $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 90 days, insiders have acquired 80,408 shares of company stock valued at $781,206. 42.00% of the stock is owned by company insiders.

Institutional Trading of Ameresco

A number of large investors have recently added to or reduced their stakes in AMRC. First Trust Advisors LP increased its stake in Ameresco by 124.4% in the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider's stock worth $19,682,000 after acquiring an additional 464,737 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Ameresco by 81.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider's stock worth $38,126,000 after purchasing an additional 450,571 shares during the period. DnB Asset Management AS boosted its holdings in shares of Ameresco by 59.6% in the 4th quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider's stock worth $14,403,000 after purchasing an additional 229,128 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Ameresco by 22.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider's stock worth $27,230,000 after purchasing an additional 214,918 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Ameresco by 87.7% in the 4th quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider's stock worth $9,888,000 after purchasing an additional 196,776 shares during the period. Institutional investors 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.