Ameresco (NYSE:AMRC) Stock Price Down 6.2%

Ameresco, Inc. (NYSE:AMRC) traded down 6.2% during trading on Friday . The stock traded as low as $28.78 and last traded at $28.82. 115,646 shares were traded during mid-day trading, a decline of 78% from the average session volume of 517,144 shares. The stock had previously closed at $30.73.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group raised their target price on Ameresco from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. BNP Paribas upgraded Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 target price for the company in a research note on Tuesday, March 12th. B. Riley raised Ameresco to a “strong-buy” rating in a report on Tuesday, June 25th. Truist Financial lowered their price target on Ameresco from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, StockNews.com raised Ameresco to a “sell” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.31.

Ameresco Trading Down 6.2 %

The company has a market capitalization of $1.51 billion, a PE ratio of 26.19, a PEG ratio of 0.89 and a beta of 1.78. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.09. The stock has a fifty day moving average of $29.55 and a two-hundred day moving average of $25.86.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Ameresco had a return on equity of 6.67% and a net margin of 4.17%. The company had revenue of $298.41 million for the quarter, compared to analysts’ expectations of $255.38 million. During the same period last year, the firm posted $0.03 EPS. Ameresco’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ameresco, Inc. will post 1.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Ameresco

In other Ameresco news, CAO Mark Chiplock sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $35.00, for a total value of $105,000.00. Following the completion of the sale, the chief accounting officer now owns 348 shares in the company, valued at $12,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Ameresco

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Ameresco by 1.2% during the first quarter. Vanguard Group Inc. now owns 3,145,838 shares of the utilities provider’s stock valued at $75,909,000 after acquiring an additional 36,303 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Ameresco by 17.8% during the third quarter. Wellington Management Group LLP now owns 1,169,158 shares of the utilities provider’s stock valued at $45,083,000 after acquiring an additional 176,971 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ameresco by 13.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 912,198 shares of the utilities provider’s stock valued at $28,890,000 after acquiring an additional 110,204 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Ameresco by 59.9% during the fourth quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider’s stock valued at $25,128,000 after acquiring an additional 297,236 shares in the last quarter. Finally, BNP Paribas Asset Management Holding S.A. bought a new position in shares of Ameresco during the fourth quarter valued at approximately $22,650,000. 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.