Ameresco (NYSE:AMRC) Stock Price Down 6.8% – Time to Sell?

Shares of Ameresco, Inc. (NYSE:AMRC) dropped 6.8% on Thursday . The stock traded as low as $21.26 and last traded at $21.1850. 88,255 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 596,616 shares. The stock had previously closed at $22.73.

Analyst Ratings Changes

Several research firms have recently commented on AMRC. Oppenheimer reissued a “market perform” rating on shares of Ameresco in a report on Tuesday, August 4th. UBS Group boosted their price target on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. BNP Paribas Exane upgraded Ameresco from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $34.00 to $40.00 in a research report on Tuesday, August 4th. Jefferies Financial Group raised Ameresco to a “strong-buy” rating in a report on Thursday, September 3rd. Finally, Wall Street Zen lowered Ameresco from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.89.

Ameresco Trading Down 4.2%

The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The stock’s 50 day moving average is $23.46 and its 200-day moving average is $26.36. The company has a market cap of $1.16 billion, a PE ratio of 41.92, a P/E/G ratio of 1.80 and a beta of 2.63.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The business had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. During the same period last year, the company posted $0.27 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, sell-side analysts anticipate that Ameresco, Inc. will post 1.22 EPS for the current year.

Insider Buying and Selling

In related news, Director Brian Cox acquired 39,700 shares of Ameresco stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $25.07 per share, with a total value of $995,279.00. Following the completion of the purchase, the director directly owned 39,700 shares of the company’s stock, valued at $995,279. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jennifer Miller acquired 2,000 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were bought at an average price of $20.96 per share, for a total transaction of $41,920.00. Following the completion of the transaction, the director owned 34,546 shares of the company’s stock, valued at approximately $724,084.16. This trade represents a 6.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 75,025 shares of company stock worth $1,778,963. Insiders own 45.10% of the company’s stock.

Institutional Trading of Ameresco

Hedge funds and other institutional investors have recently bought and sold shares of the stock. WINTON GROUP Ltd bought a new position in Ameresco during the second quarter valued at $261,000. Engineers Gate Manager LP bought a new stake in shares of Ameresco in the 2nd quarter worth about $1,124,000. Raiffeisen Bank International AG bought a new stake in shares of Ameresco in the 2nd quarter worth about $2,657,000. Northside Capital Management LLC purchased a new position in shares of Ameresco during the 2nd quarter worth about $207,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of Ameresco by 5.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock worth $23,680,000 after purchasing an additional 42,826 shares during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.

About Ameresco

Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.

Ameresco’s services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.