Ameresco’s (AMRC) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Ameresco (NYSE:AMRC) in a report released on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a $38.00 price objective on the utilities provider’s stock, up from their prior price objective of $37.00.

Several other equities research analysts have also issued reports on AMRC. Wall Street Zen lowered Ameresco from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. B. Riley Financial boosted their target price on Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. UBS Group raised their price target on Ameresco from $23.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Canaccord Genuity Group lifted their price objective on shares of Ameresco from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings cut shares of Ameresco from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Ameresco Stock Performance

Ameresco stock opened at $24.73 on Wednesday. The company’s 50-day moving average price is $30.82 and its 200-day moving average price is $32.32. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 1.56. The company has a market cap of $1.31 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.06 and a beta of 2.53. Ameresco has a twelve month low of $8.49 and a twelve month high of $44.93.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, March 2nd. The utilities provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The firm had revenue of $581.03 million during the quarter, compared to the consensus estimate of $556.09 million. Ameresco had a net margin of 2.29% and a return on equity of 4.49%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. On average, equities research analysts forecast that Ameresco will post 1.15 EPS for the current fiscal year.

Insider Transactions at Ameresco

In other news, Director Nickolas Stavropoulos sold 15,700 shares of Ameresco stock in a transaction on Friday, February 20th. The stock was sold at an average price of $34.15, for a total value of $536,155.00. Following the transaction, the director directly owned 14,111 shares in the company, valued at approximately $481,890.65. This trade represents a 52.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 17,020 shares of company stock worth $577,840. 44.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ameresco

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its stake in Ameresco by 170.0% in the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after purchasing an additional 2,981,689 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Ameresco by 1,832.5% during the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock valued at $26,965,000 after buying an additional 1,683,326 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ameresco by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,272,601 shares of the utilities provider’s stock valued at $37,274,000 after buying an additional 34,279 shares during the last quarter. DNB Asset Management AS boosted its holdings in shares of Ameresco by 3.8% in the 2nd quarter. DNB Asset Management AS now owns 1,189,714 shares of the utilities provider’s stock valued at $18,072,000 after buying an additional 43,411 shares in the last quarter. Finally, Royce & Associates LP grew its position in shares of Ameresco by 10.7% in the 4th quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock worth $31,246,000 after buying an additional 102,782 shares during the last quarter. Institutional investors own 99.24% of the company’s stock.

Ameresco Company Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.