Ameresco (NYSE:AMRC) Shares Down 2.2% - Should You Sell?

Ameresco, Inc. (NYSE:AMRC - Get Free Report) shares fell 2.2% on Monday . The stock traded as low as $13.08 and last traded at $13.12. 117,373 shares were traded during trading, a decline of 83% from the average session volume of 673,434 shares. The stock had previously closed at $13.41.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. UBS Group downgraded shares of Ameresco from a "buy" rating to a "sell" rating and reduced their target price for the company from $37.00 to $8.00 in a research note on Tuesday, March 4th. Stifel Nicolaus decreased their target price on shares of Ameresco from $34.00 to $18.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Canaccord Genuity Group reduced their price objective on shares of Ameresco from $36.00 to $27.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Finally, Robert W. Baird cut their price target on shares of Ameresco from $42.00 to $25.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Ameresco currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.63.

Ameresco Stock Performance

The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The business has a 50 day moving average price of $17.19 and a two-hundred day moving average price of $25.26. The company has a market cap of $647.67 million, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 0.49 and a beta of 2.07.

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Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.12. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The firm had revenue of $532.67 million for the quarter, compared to analyst estimates of $524.31 million. On average, sell-side analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Insider Activity at Ameresco

In related news, Director Francis V. Wisneski, Jr. purchased 3,500 shares of Ameresco stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $9.67 per share, for a total transaction of $33,845.00. Following the acquisition, the director now owns 17,738 shares in the company, valued at approximately $171,526.46. The trade was a 24.58 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George P. Sakellaris bought 25,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $9.27 per share, for a total transaction of $231,750.00. Following the completion of the transaction, the chief executive officer now directly owns 978,638 shares of the company's stock, valued at $9,071,974.26. This represents a 2.62 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 80,808 shares of company stock valued at $785,274 and sold 40,085 shares valued at $843,378. 42.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ameresco

Several hedge funds and other institutional investors have recently modified their holdings of AMRC. Cetera Trust Company N.A increased its position in shares of 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 acquiring an additional 440 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ameresco by 1.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider's stock valued at $977,000 after purchasing an additional 747 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Ameresco by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider's stock worth $2,389,000 after purchasing an additional 859 shares in the last quarter. MetLife Investment Management LLC grew its stake in Ameresco by 10.4% during the 4th quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider's stock worth $482,000 after buying an additional 1,930 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Ameresco by 6.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,273 shares of the utilities provider's stock worth $711,000 after purchasing an additional 1,967 shares in the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

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.