Ameresco, Inc. (NYSE:AMRC – Get Free Report) shares fell 5.5% during trading on Thursday . The stock traded as low as $34.68 and last traded at $34.68. 133,783 shares were traded during mid-day trading, a decline of 72% from the average session volume of 483,315 shares. The stock had previously closed at $36.70.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. B. Riley upgraded Ameresco to a “strong-buy” rating in a report on Tuesday, June 25th. UBS Group raised their price target on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. StockNews.com raised shares of Ameresco to a “sell” rating in a research report on Tuesday. Jefferies Financial Group began coverage on shares of Ameresco in a research report on Wednesday, September 4th. They set a “hold” rating and a $33.00 price target on the stock. Finally, Piper Sandler dropped their target price on Ameresco from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.46.
Ameresco Stock Down 6.5 %
The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.00 and a current ratio of 1.01. The stock’s 50 day simple moving average is $31.48 and its 200 day simple moving average is $28.86. The firm has a market cap of $1.80 billion, a P/E ratio of 31.54, a price-to-earnings-growth ratio of 1.31 and a beta of 1.78.
Ameresco (NYSE:AMRC – Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.15). The company had revenue of $437.98 million during the quarter, compared to the consensus estimate of $373.75 million. Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The business’s revenue was up 33.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS. Research analysts anticipate that Ameresco, Inc. will post 1.16 EPS for the current year.
Insider Activity
In other news, CFO Spencer Doran Hole sold 5,000 shares of the 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 owns 1,878 shares of the company’s stock, valued at $49,823.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 5,221 shares of company stock worth $140,814. 42.00% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Natixis bought a new position in shares of Ameresco in the first quarter worth approximately $480,000. Harbor Capital Advisors Inc. grew its position in Ameresco by 187.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 68,787 shares of the utilities provider’s stock valued at $1,982,000 after acquiring an additional 44,882 shares during the last quarter. Swedbank AB purchased a new stake in Ameresco in the first quarter worth $12,065,000. Connors Investor Services Inc. lifted its position in shares of Ameresco by 35.4% during the first quarter. Connors Investor Services Inc. now owns 142,915 shares of the utilities provider’s stock worth $3,449,000 after purchasing an additional 37,368 shares during the last quarter. Finally, Caxton Associates LP purchased a new position in Ameresco in the 1st quarter worth about $1,009,000. 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.