Ameresco (NYSE:AMRC) Hits New 12-Month Low - Should You Sell?

Key Points

• Ameresco shares hit a new 52-week low, trading as low as $18.09 on Thursday, compared with a previous close of $21.25.
• Analyst views are mixed: the stock has an average “Hold” rating and a $41 consensus price target, with ratings ranging from Sell to Strong Buy.
• Latest quarterly results met EPS expectations at $0.20 and exceeded revenue estimates, with sales up 9.1% year over year. Insiders also bought 75,025 shares over the past three months.

Ameresco, Inc. (NYSE:AMRC - Get Free Report)'s stock price reached a new 52-week low on Thursday. The stock traded as low as $18.09 and last traded at $19.0150, with a volume of 297,125 shares traded. The stock had previously closed at $21.25.

Analyst Ratings Changes

A number of research analysts have issued reports on AMRC shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Ameresco in a report on Tuesday. Jefferies Financial Group raised shares of Ameresco to a "strong-buy" rating in a report on Thursday, September 3rd. BNP Paribas Exane raised Ameresco from a "neutral" rating to an "outperform" rating and upped their target price for the company from $34.00 to $40.00 in a research report on Tuesday, August 4th. UBS Group raised their target price on Ameresco from $28.00 to $32.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Finally, Robert W. Baird cut Ameresco from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $36.00 to $32.00 in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $41.00.

Ameresco Stock Performance

The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. The company has a market capitalization of $1.01 billion, a PE ratio of 36.67, a price-to-earnings-growth ratio of 1.66 and a beta of 2.50. The firm's fifty day simple moving average is $21.54 and its 200 day simple moving average is $26.36.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting analysts' consensus estimates of $0.20. The business had revenue of $515.46 million during the quarter, compared to analyst estimates of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%. The company's revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. On average, research analysts predict that Ameresco, Inc. will post 1.22 EPS for the current year.

Insider Activity

In other news, Director Brian C. Cox acquired 4,625 shares of the firm's stock in a transaction on Friday, August 21st. The stock was acquired at an average price of $21.64 per share, for a total transaction of $100,085.00. Following the completion of the transaction, the director owned 44,325 shares in the company, valued at approximately $959,193. The trade was a 11.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jennifer L. Miller bought 2,000 shares of the company's stock in a transaction dated Monday, August 24th. The shares were acquired 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 directly owned 34,546 shares in the company, 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. Over the last three months, insiders bought 75,025 shares of company stock valued at $1,778,963. 45.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Ameresco

Several institutional investors have recently bought and sold shares of the business. Fulcrum Asset Management LLP lifted its stake in Ameresco by 217.1% in the 3rd quarter. Fulcrum Asset Management LLP now owns 6,672 shares of the utilities provider's stock valued at $140,000 after buying an additional 4,568 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Ameresco by 4.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,868 shares of the utilities provider's stock worth $438,000 after buying an additional 832 shares during the last quarter. Candriam S.C.A. purchased a new stake in Ameresco during the 3rd quarter worth approximately $2,971,000. Inspire Investing LLC increased its stake in Ameresco by 21.3% during the 3rd quarter. Inspire Investing LLC now owns 30,157 shares of the utilities provider's stock worth $625,000 after buying an additional 5,304 shares in the last quarter. Finally, Eagle Harbor Asset Management Inc. ADV increased its stake in Ameresco by 10.7% during the 3rd quarter. Eagle Harbor Asset Management Inc. ADV now owns 24,831 shares of the utilities provider's stock worth $514,000 after buying an additional 2,398 shares in the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

Ameresco Company Profile

Ameresco, Inc NYSE: AMRC is an energy solutions and renewable energy company that develops, designs, constructs, and operates energy efficiency and infrastructure projects. Its services help public- and private-sector organizations reduce energy consumption, improve facility performance, and transition to lower-carbon energy sources.

The company's offerings include energy-as-a-service programs, energy audits and efficiency upgrades, solar power systems, battery energy storage, microgrids, distributed energy resources, LED lighting, heating and cooling systems, and renewable natural gas projects.

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