BidaskClub cut shares of Ameresco, Inc. (NYSE:AMRC) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

A number of other brokerages have also recently issued reports on AMRC. Zacks Investment Research cut shares of Ameresco from a buy rating to a hold rating in a research note on Tuesday, July 4th. Roth Capital raised shares of Ameresco from a neutral rating to a buy rating and raised their price objective for the company from $6.50 to $8.00 in a research note on Thursday, May 4th. Finally, Canaccord Genuity reaffirmed a buy rating and issued a $8.00 price objective on shares of Ameresco in a research note on Monday, May 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Ameresco has a consensus rating of Buy and a consensus price target of $8.38.

Shares of Ameresco (NYSE:AMRC) traded up 2.536% during midday trading on Tuesday, reaching $7.075. The company had a trading volume of 24,538 shares. Ameresco has a 12 month low of $4.51 and a 12 month high of $7.85. The firm’s 50 day moving average price is $6.87 and its 200-day moving average price is $6.08. The company has a market capitalization of $321.37 million, a P/E ratio of 31.585 and a beta of 1.17.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Tuesday, May 2nd. The utilities provider reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.06. Ameresco had a net margin of 1.58% and a return on equity of 4.52%. The company had revenue of $134.61 million for the quarter, compared to the consensus estimate of $131.95 million. Analysts anticipate that Ameresco will post $0.39 earnings per share for the current fiscal year.

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In other news, Director Thomas S. Murley bought 4,000 shares of the business’s stock in a transaction on Monday, May 8th. The shares were bought at an average cost of $6.85 per share, for a total transaction of $27,400.00. Following the completion of the acquisition, the director now owns 4,000 shares in the company, valued at approximately $27,400. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Louis P. Maltezos sold 23,175 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $6.61, for a total transaction of $153,186.75. Following the completion of the sale, the insider now owns 23,175 shares in the company, valued at $153,186.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,525 shares of company stock worth $449,827. Insiders own 58.36% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Ameresco by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 850,929 shares of the utilities provider’s stock valued at $5,573,000 after buying an additional 60,657 shares during the period. Rock Point Advisors LLC raised its stake in Ameresco by 2.8% in the first quarter. Rock Point Advisors LLC now owns 826,877 shares of the utilities provider’s stock valued at $5,416,000 after buying an additional 22,295 shares during the period. Wellington Management Group LLP raised its stake in Ameresco by 491.4% in the first quarter. Wellington Management Group LLP now owns 476,068 shares of the utilities provider’s stock valued at $3,118,000 after buying an additional 395,566 shares during the period. State Street Corp raised its stake in Ameresco by 3.3% in the fourth quarter. State Street Corp now owns 316,414 shares of the utilities provider’s stock valued at $1,741,000 after buying an additional 10,114 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Ameresco by 26.0% in the fourth quarter. Renaissance Technologies LLC now owns 230,588 shares of the utilities provider’s stock valued at $1,268,000 after buying an additional 47,588 shares during the period. Institutional investors own 22.27% of the company’s stock.

About Ameresco

Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.

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