Ameresco's (AMRC) "Neutral" Rating Reaffirmed at Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of Ameresco (NYSE:AMRC - Free Report) in a research note released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a $13.00 price objective on the utilities provider's stock, down from their previous price objective of $25.00.

A number of other equities analysts have also recently commented on the company. UBS Group cut Ameresco from a "buy" rating to a "sell" rating and lowered their target price for the company from $37.00 to $8.00 in a report on Tuesday, March 4th. 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, Stifel Nicolaus lowered their price objective on Ameresco from $34.00 to $18.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Ameresco currently has a consensus rating of "Hold" and a consensus price target of $24.86.

Ameresco Trading Down 1.4 %

AMRC stock traded down $0.15 during midday trading on Tuesday, hitting $10.04. 2,690,846 shares of the company's stock were exchanged, compared to its average volume of 498,196. Ameresco has a 1-year low of $9.00 and a 1-year high of $39.68. The business has a 50-day simple moving average of $12.91 and a two-hundred day simple moving average of $22.04. The stock has a market capitalization of $527.72 million, a PE ratio of 10.04, a P/E/G ratio of 0.49 and a beta of 2.02. 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 announced its earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.12. The company had revenue of $532.67 million during 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%. On average, sell-side analysts predict that Ameresco will post 1.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jennifer L. Miller sold 40,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total transaction of $842,400.00. Following the transaction, the director now directly owns 17,225 shares of the company's stock, valued at $362,758.50. This represents a 69.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George P. Sakellaris acquired 50,000 shares of Ameresco stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $9.96 per share, with a total value of $498,000.00. Following the purchase, the chief executive officer now directly owns 903,638 shares of the company's stock, valued at approximately $9,000,234.48. This trade represents a 5.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. 42.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Cetera Trust Company N.A increased its stake in Ameresco by 6.9% in the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock valued at $160,000 after purchasing an additional 440 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ameresco by 1.8% in the fourth 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 increased its position in shares of Ameresco by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider's stock valued at $2,389,000 after buying an additional 859 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of 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 position in shares of 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 buying an additional 1,967 shares in the last quarter. 99.24% of the stock is 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.