Ameresco (NYSE:AMRC) Cut to "Sell" at UBS Group

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

Several other equities research analysts have also recently weighed in on AMRC. Canaccord Genuity Group decreased their target price on Ameresco from $36.00 to $27.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Stifel Nicolaus boosted their price target on shares of Ameresco from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, November 11th. StockNews.com upgraded Ameresco to a "sell" rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird reduced their target price on Ameresco from $42.00 to $25.00 and set an "outperform" rating for the company in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Ameresco currently has an average rating of "Moderate Buy" and a consensus price target of $28.33.

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Ameresco Stock Up 19.6 %

AMRC stock traded up $1.82 during midday trading on Tuesday, hitting $11.11. The company's stock had a trading volume of 1,991,361 shares, compared to its average volume of 628,304. Ameresco has a 52-week low of $9.04 and a 52-week high of $39.68. The firm has a market capitalization of $582.75 million, a P/E ratio of 11.11, a PEG ratio of 0.49 and a beta of 2.07. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The firm has a 50-day simple moving average of $20.98 and a 200-day simple moving average of $27.01.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The business had revenue of $532.67 million during the quarter, compared to analysts' expectations of $524.31 million. As a group, equities analysts forecast that Ameresco will post 1.15 EPS for the current year.

Insider Transactions at Ameresco

In other Ameresco news, CEO George P. Sakellaris purchased 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $9.96 per share, for a total transaction of $498,000.00. Following the completion of the purchase, the chief executive officer now directly owns 903,638 shares in the company, valued at $9,000,234.48. This represents a 5.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jennifer L. Miller sold 40,000 shares of the company's stock in a transaction 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 directly owns 17,225 shares in the company, valued at $362,758.50. This represents a 69.90 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased 80,408 shares of company stock worth $781,206 over the last 90 days. 42.00% of the stock is currently owned by insiders.

Institutional Trading of Ameresco

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in Ameresco by 81.3% in the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider's stock valued at $38,126,000 after buying an additional 450,571 shares in the last quarter. Stifel Financial Corp increased its stake in Ameresco by 35.1% in the 3rd quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider's stock valued at $4,487,000 after purchasing an additional 30,718 shares in the last quarter. Barclays PLC raised its holdings in Ameresco by 204.2% during the third quarter. Barclays PLC now owns 59,248 shares of the utilities provider's stock worth $2,248,000 after purchasing an additional 39,773 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Ameresco during the fourth quarter worth $259,000. Finally, SG Americas Securities LLC grew its holdings in Ameresco by 70.7% in the fourth quarter. SG Americas Securities LLC now owns 42,506 shares of the utilities provider's stock valued at $998,000 after purchasing an additional 17,600 shares during the last quarter. 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.