UBS Group Has Lowered Expectations for Ameresco (NYSE:AMRC) Stock Price

Ameresco (NYSE:AMRC) had its price target dropped by equities researchers at UBS Group from $40.00 to $37.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. UBS Group’s price target would indicate a potential upside of 101.65% from the stock’s previous close.

Several other equities analysts also recently commented on AMRC. StockNews.com upgraded Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Stifel Nicolaus upped their price objective on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ameresco currently has an average rating of “Moderate Buy” and a consensus price target of $36.22.

Ameresco Price Performance

Ameresco stock opened at $18.35 on Wednesday. Ameresco has a 52 week low of $17.55 and a 52 week high of $39.68. The company’s 50 day moving average price is $22.27 and its two-hundred day moving average price is $27.62. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The stock has a market cap of $962.28 million, a P/E ratio of 18.35, a P/E/G ratio of 0.49 and a beta of 1.79.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. On average, equities analysts predict that Ameresco will post 1.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jennifer L. Miller sold 40,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the transaction, the director now owns 17,225 shares of the company’s stock, valued at approximately $362,758.50. This represents a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AMRC. First Trust Advisors LP increased its holdings in shares of Ameresco by 124.4% in the fourth quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider’s stock worth $19,682,000 after purchasing an additional 464,737 shares during the period. Wellington Management Group LLP increased its holdings in shares of Ameresco by 81.3% in the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock worth $38,126,000 after purchasing an additional 450,571 shares during the period. DnB Asset Management AS increased its holdings in shares of Ameresco by 59.6% in the fourth quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider’s stock worth $14,403,000 after purchasing an additional 229,128 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Ameresco by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider’s stock worth $27,230,000 after purchasing an additional 214,918 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in Ameresco by 87.7% in the fourth quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider’s stock valued at $9,888,000 after acquiring an additional 196,776 shares during the last quarter. 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.