Ameresco, Inc. (NYSE:AMRC) Given Average Rating of “Moderate Buy” by Brokerages

Ameresco, Inc. (NYSE:AMRC) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $36.56.

A number of equities research analysts have issued reports on AMRC shares. Piper Sandler upped their target price on Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus boosted their target price on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th.

Insider Activity at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total transaction of $842,400.00. Following the sale, the director now owns 17,225 shares in the company, valued at $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 42.00% of the stock is owned by corporate insiders.

Institutional Trading of Ameresco

Several institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP raised its position in 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Ameresco by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 754,775 shares of the utilities provider’s stock valued at $28,642,000 after purchasing an additional 10,197 shares during the period. Gagnon Securities LLC raised its holdings in shares of Ameresco by 22.5% in the 4th quarter. Gagnon Securities LLC now owns 571,202 shares of the utilities provider’s stock worth $13,412,000 after buying an additional 104,861 shares in the last quarter. Redwood Grove Capital LLC lifted its position in shares of Ameresco by 41.9% during the 3rd quarter. Redwood Grove Capital LLC now owns 499,890 shares of the utilities provider’s stock worth $18,966,000 after buying an additional 147,642 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in Ameresco by 87.7% in the 4th quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider’s stock valued at $9,888,000 after buying an additional 196,776 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Stock Performance

AMRC opened at $20.68 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The company has a market cap of $1.08 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 0.55 and a beta of 1.79. The stock has a 50-day moving average of $24.02 and a 200-day moving average of $28.52. Ameresco has a 52-week low of $17.55 and a 52-week high of $39.68.

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.