Ameresco (NYSE:AMRC) Stock Price Down 2.2% – Here’s What Happened

Ameresco, Inc. (NYSE:AMRC)’s stock price traded down 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.

Analyst Upgrades and Downgrades

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

Ameresco Trading Down 0.9 %

The firm’s 50-day simple moving average is $17.41 and its 200 day simple moving average is $25.35. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The firm has a market capitalization of $672.00 million, a price-to-earnings ratio of 12.79, a P/E/G ratio of 0.49 and a beta of 2.07.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.12. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The company had revenue of $532.67 million for the quarter, compared to the consensus estimate of $524.31 million. Equities analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Insider Transactions at Ameresco

In other news, Director Jennifer L. Miller sold 40,000 shares of Ameresco 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 owns 17,225 shares in the company, valued at approximately $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Francis V. Wisneski, Jr. acquired 3,500 shares of Ameresco stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $9.67 per share, for a total transaction of $33,845.00. Following the purchase, the director now owns 17,738 shares of the company’s stock, valued at $171,526.46. The trade was a 24.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 80,808 shares of company stock worth $785,274 and have sold 40,085 shares worth $843,378. Company insiders own 42.00% of the company’s stock.

Institutional Trading of Ameresco

Several institutional investors have recently added to or reduced their stakes in AMRC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Ameresco by 17.1% in the 4th 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 purchasing an additional 13,127 shares during the last quarter. Voloridge Investment Management LLC boosted its holdings in shares of Ameresco by 7.0% during the 4th quarter. Voloridge Investment Management LLC now owns 301,861 shares of the utilities provider’s stock worth $7,088,000 after buying an additional 19,626 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Ameresco by 27.2% during the 4th quarter. Squarepoint Ops LLC now owns 71,891 shares of the utilities provider’s stock worth $1,688,000 after buying an additional 15,388 shares during the period. Sherbrooke Park Advisers LLC acquired a new stake in shares of Ameresco during the 4th quarter worth approximately $398,000. Finally, Silvercrest Asset Management Group LLC increased its stake in shares of Ameresco by 41.8% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 241,761 shares of the utilities provider’s stock valued at $5,677,000 after acquiring an additional 71,236 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors.

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.