Ameresco (NYSE:AMRC) Trading 4% Higher

Ameresco, Inc. (NYSE:AMRC) rose 4% on Wednesday . The company traded as high as $32.31 and last traded at $31.80. Approximately 33,548 shares traded hands during trading, a decline of 93% from the average daily volume of 497,715 shares. The stock had previously closed at $30.59.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AMRC shares. B. Riley raised Ameresco to a “strong-buy” rating in a research report on Tuesday, June 25th. UBS Group boosted their target price on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Jefferies Financial Group initiated coverage on shares of Ameresco in a report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price target for the company. StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Saturday, August 17th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $32.00 price target on shares of Ameresco in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.69.

Ameresco Price Performance

The firm has a fifty day simple moving average of $29.53 and a two-hundred day simple moving average of $27.10. The firm has a market cap of $1.74 billion, a PE ratio of 29.29, a PEG ratio of 1.02 and a beta of 1.78. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.00 and a current ratio of 1.01.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.15). The firm had revenue of $437.98 million during the quarter, compared to analysts’ expectations of $373.75 million. Ameresco had a return on equity of 6.25% and a net margin of 3.77%. Ameresco’s quarterly revenue was up 33.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. Equities analysts predict that Ameresco, Inc. will post 1.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ameresco news, CFO Spencer Doran Hole sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $26.53, for a total transaction of $132,650.00. Following the completion of the sale, the chief financial officer now directly owns 1,878 shares in the company, valued at approximately $49,823.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. 42.00% of the stock is owned by insiders.

Institutional Trading of Ameresco

A number of large investors have recently bought and sold shares of AMRC. Maven Securities LTD purchased a new stake in Ameresco during the second quarter valued at about $360,000. Point72 Asset Management L.P. acquired a new position in shares of Ameresco in the 2nd quarter worth approximately $10,821,000. Ironwood Investment Management LLC raised its holdings in shares of Ameresco by 60.1% during the second quarter. Ironwood Investment Management LLC now owns 22,895 shares of the utilities provider’s stock worth $660,000 after purchasing an additional 8,599 shares during the period. Algert Global LLC lifted its holdings in Ameresco by 113.3% in the second quarter. Algert Global LLC now owns 119,183 shares of the utilities provider’s stock worth $3,434,000 after acquiring an additional 63,313 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Ameresco by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock worth $356,000 after buying an additional 489 shares during the period. Institutional investors and hedge funds 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.