Ameresco’s (AMRC) Outperform Rating Reaffirmed at Robert W. Baird

Robert W. Baird reissued their outperform rating on shares of Ameresco (NYSE:AMRC) in a report released on Tuesday morning, Benzinga reports. The firm currently has a $32.00 target price on the utilities provider’s stock.

Several other equities analysts have also weighed in on AMRC. UBS Group lifted their price target on Ameresco from $36.00 to $39.00 and gave the company a buy rating in a research note on Tuesday, May 14th. Stifel Nicolaus reduced their target price on Ameresco from $35.00 to $32.00 and set a buy rating for the company in a research note on Thursday, May 9th. Piper Sandler dropped their price target on shares of Ameresco from $37.00 to $35.00 and set an overweight rating on the stock in a research note on Tuesday, August 6th. B. Riley raised shares of Ameresco to a strong-buy rating in a report on Tuesday, June 25th. Finally, StockNews.com raised shares of Ameresco to a sell rating in a report on Saturday, August 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $38.00.

Ameresco Stock Performance

Shares of AMRC stock opened at $30.45 on Tuesday. The business has a fifty day moving average of $29.43 and a 200 day moving average of $26.66. Ameresco has a 1 year low of $17.55 and a 1 year high of $47.56. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 0.86 and a beta of 1.78.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.15). Ameresco had a net margin of 4.17% and a return on equity of 6.67%. The company had revenue of $437.98 million during the quarter, compared to analyst estimates of $373.75 million. During the same period last year, the firm earned $0.15 EPS. The business’s quarterly revenue was up 33.9% compared to the same quarter last year. As a group, research analysts expect that Ameresco will post 1.36 earnings per share for the current year.

Insiders Place Their Bets

In other Ameresco news, CFO Spencer Doran Hole sold 5,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $26.53, for a total value of $132,650.00. Following the completion of the transaction, the chief financial officer now directly owns 1,878 shares of the company’s stock, valued at $49,823.34. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 42.00% of the company’s stock.

Institutional Trading of Ameresco

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Asset Management Holding S.A. purchased a new stake in shares of Ameresco during the fourth quarter worth about $22,650,000. LGT Group Foundation acquired a new stake in Ameresco during the second quarter worth approximately $20,325,000. Swedbank AB purchased a new stake in Ameresco in the 1st quarter worth approximately $12,065,000. Point72 Asset Management L.P. acquired a new position in Ameresco in the 2nd quarter valued at $10,821,000. Finally, First Trust Advisors LP lifted its stake in shares of Ameresco by 59.9% during the 4th quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider’s stock worth $25,128,000 after purchasing an additional 297,236 shares during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.

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.