Ameresco (NYSE:AMRC) Cut to Sell at UBS Group

Ameresco (NYSE:AMRC) was downgraded by equities research analysts at UBS Group from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. They presently have a $8.00 price target on the utilities provider’s stock, down from their previous price target of $37.00. UBS Group’s target price would suggest a potential downside of 23.95% from the stock’s current price.

AMRC has been the topic of a number of other research reports. Robert W. Baird cut their price target on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday. StockNews.com upgraded Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Canaccord Genuity Group decreased their price target on Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research note on Friday. Finally, Stifel Nicolaus lifted their price objective on Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ameresco presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.11.

Ameresco Price Performance

Shares of AMRC opened at $10.52 on Tuesday. 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 $551.70 million, a PE ratio of 10.52, a PEG ratio of 0.49 and a beta of 1.79. Ameresco has a 12-month low of $10.40 and a 12-month high of $39.68. The business has a 50-day simple moving average of $22.06 and a two-hundred day simple moving average of $27.51.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating 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%. The business had revenue of $532.67 million during the quarter, compared to analyst estimates of $524.31 million. Analysts anticipate that Ameresco will post 1.15 earnings per share for the current fiscal year.

Insider Activity at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the sale, the director now owns 17,225 shares of the company’s stock, valued at approximately $362,758.50. This trade represents a 69.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 42.00% of the stock is owned by corporate insiders.

Institutional Trading of Ameresco

Several hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ameresco by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,684 shares of the utilities provider’s stock worth $2,106,000 after buying an additional 13,127 shares during the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Ameresco by 7.0% in the 4th quarter. Voloridge Investment Management LLC now owns 301,861 shares of the utilities provider’s stock worth $7,088,000 after acquiring an additional 19,626 shares during the last quarter. Squarepoint Ops LLC lifted its position in Ameresco by 27.2% in the 4th quarter. Squarepoint Ops LLC now owns 71,891 shares of the utilities provider’s stock valued at $1,688,000 after acquiring an additional 15,388 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Ameresco during the 4th quarter valued at about $398,000. Finally, Silvercrest Asset Management Group LLC increased its holdings in Ameresco by 41.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 241,761 shares of the utilities provider’s stock worth $5,677,000 after purchasing an additional 71,236 shares in the last quarter. Institutional investors and hedge funds 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.