UBS Group Has Lowered Expectations for Ameresco (NYSE:AMRC) Stock Price

Ameresco (NYSE:AMRC) had its price target cut by analysts at UBS Group from $40.00 to $37.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. UBS Group’s target price would suggest a potential upside of 100.37% from the company’s previous close.

Other analysts have also recently issued reports about the company. Stifel Nicolaus boosted their price objective on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com raised Ameresco to a “sell” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.22.

Ameresco Stock Performance

Shares of Ameresco stock traded up $0.08 during midday trading on Wednesday, hitting $18.47. The company had a trading volume of 139,818 shares, compared to its average volume of 378,661. The company has a fifty day simple moving average of $22.44 and a 200 day simple moving average of $27.75. The stock has a market cap of $968.36 million, a price-to-earnings ratio of 18.48, a PEG ratio of 0.49 and a beta of 1.79. Ameresco has a 12-month low of $17.55 and a 12-month high of $39.68. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36.

Insider Transactions at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the transaction, the director now owns 17,225 shares in the company, valued at approximately $362,758.50. The trade was a 69.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMRC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Ameresco by 17.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,684 shares of the utilities provider’s stock valued at $2,106,000 after buying an additional 13,127 shares in the last quarter. Voloridge Investment Management LLC increased its stake in Ameresco by 7.0% in the fourth quarter. Voloridge Investment Management LLC now owns 301,861 shares of the utilities provider’s stock valued at $7,088,000 after purchasing an additional 19,626 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Ameresco by 27.2% in the 4th quarter. Squarepoint Ops LLC now owns 71,891 shares of the utilities provider’s stock valued at $1,688,000 after buying an additional 15,388 shares during the period. Sherbrooke Park Advisers LLC purchased a new stake in Ameresco in the fourth quarter valued at approximately $398,000. Finally, Silvercrest Asset Management Group LLC increased its position in Ameresco by 41.8% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 241,761 shares of the utilities provider’s stock worth $5,677,000 after purchasing an additional 71,236 shares during the last quarter. Hedge funds and other 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.