Ameresco (NYSE:AMRC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Ameresco, Inc. is an independent provider of comprehensive energy efficiency solutions for facilities throughout North America. The Company’s solutions include upgrades to a facility’s energy infrastructure, and the construction and operation of renewable energy plants. It engages in the development, design, engineering, and installation of projects that reduce the energy, as well as operation and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Ameresco, Inc. is headquartered in Framingham, Massachusetts. “

Several other equities research analysts have also weighed in on AMRC. TheStreet raised shares of Ameresco from a “c+” rating to a “b-” rating in a report on Wednesday, November 7th. B. Riley assumed coverage on shares of Ameresco in a report on Wednesday, December 19th. They issued a “buy” rating and a $17.50 target price on the stock. Canaccord Genuity upped their target price on shares of Ameresco from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, Oppenheimer set a $17.00 target price on shares of Ameresco and gave the stock a “buy” rating in a report on Tuesday, October 30th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Ameresco currently has an average rating of “Buy” and a consensus price target of $16.40.

Shares of AMRC stock traded up $0.05 during mid-day trading on Monday, reaching $14.86. The company’s stock had a trading volume of 2,603 shares, compared to its average volume of 81,576. Ameresco has a 1-year low of $7.75 and a 1-year high of $16.59. The stock has a market cap of $680.91 million, a price-to-earnings ratio of 19.55, a P/E/G ratio of 1.04 and a beta of 0.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.39 and a current ratio of 1.42.

In other Ameresco news, Director Francis V. Wisneski, Jr. sold 3,000 shares of the stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $15.80, for a total transaction of $47,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jennifer L. Miller acquired 2,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were bought at an average cost of $15.50 per share, for a total transaction of $31,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 26,947 shares of company stock worth $414,651. Insiders own 57.93% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of AMRC. Handelsbanken Fonder AB bought a new position in shares of Ameresco in the 3rd quarter valued at about $5,178,000. Dimensional Fund Advisors LP raised its position in shares of Ameresco by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,289,714 shares of the utilities provider’s stock valued at $15,476,000 after acquiring an additional 146,253 shares during the period. BlackRock Inc. raised its position in shares of Ameresco by 13.3% in the 2nd quarter. BlackRock Inc. now owns 970,738 shares of the utilities provider’s stock valued at $11,649,000 after acquiring an additional 114,297 shares during the period. Bank of America Corp DE raised its position in shares of Ameresco by 415.3% in the 2nd quarter. Bank of America Corp DE now owns 53,062 shares of the utilities provider’s stock valued at $637,000 after acquiring an additional 42,765 shares during the period. Finally, AlphaMark Advisors LLC acquired a new stake in shares of Ameresco in the 4th quarter valued at approximately $586,000. 27.37% of the stock is currently owned by institutional investors.

About Ameresco

Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.

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