Ameresco (NYSE:AMRC) Given New $37.00 Price Target at UBS Group

Ameresco (NYSE:AMRC) had its target price cut by UBS Group from $40.00 to $37.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the utilities provider’s stock.

AMRC has been the topic of several other reports. Stifel Nicolaus lifted their price objective 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. StockNews.com raised Ameresco to a “sell” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ameresco presently has an average rating of “Moderate Buy” and an average price target of $36.22.

Ameresco Stock Performance

Ameresco stock opened at $18.27 on Wednesday. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $39.68. The firm’s 50 day simple moving average is $22.35 and its 200-day simple moving average is $27.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The company has a market cap of $958.13 million, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 0.49 and a beta of 1.79.

Insider Buying and Selling at Ameresco

In other news, Director Jennifer L. Miller sold 40,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the sale, the director now directly owns 17,225 shares of the company’s stock, valued at $362,758.50. This trade represents a 69.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Ameresco

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