Handelsbanken Fonder AB Purchases 45,506 Shares of Ameresco, Inc. $AMRC

Handelsbanken Fonder AB increased its position in shares of Ameresco, Inc. (NYSE:AMRC) by 7.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 650,836 shares of the utilities provider’s stock after purchasing an additional 45,506 shares during the period. Handelsbanken Fonder AB’s holdings in Ameresco were worth $19,063,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Wellington Management Group LLP increased its holdings in Ameresco by 170.0% during the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after buying an additional 2,981,689 shares during the period. Dimensional Fund Advisors LP raised its holdings in Ameresco by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,238,322 shares of the utilities provider’s stock worth $41,584,000 after purchasing an additional 5,431 shares in the last quarter. Royce & Associates LP grew its position in shares of Ameresco by 197.6% in the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock worth $32,371,000 after buying an additional 640,106 shares during the last quarter. Granahan Investment Management LLC boosted its stake in Ameresco by 108.4% in the third quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock valued at $29,889,000 after acquiring an additional 462,875 shares in the last quarter. Finally, Redwood Grove Capital LLC increased its position in shares of Ameresco by 36.0% during the second quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider’s stock worth $10,327,000 after purchasing an additional 179,943 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

Ameresco Stock Performance

AMRC opened at $29.51 on Thursday. The stock has a market cap of $1.56 billion, a P/E ratio of 50.88, a P/E/G ratio of 2.41 and a beta of 2.55. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48. The firm has a fifty day moving average price of $27.32 and a 200 day moving average price of $30.29. Ameresco, Inc. has a 1 year low of $12.95 and a 1 year high of $44.93.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The firm had revenue of $401.46 million during the quarter, compared to analysts’ expectations of $362.92 million. During the same period in the previous year, the firm posted ($0.11) EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Equities research analysts anticipate that Ameresco, Inc. will post 1.09 earnings per share for the current year.

Insider Activity at Ameresco

In other news, Director Jennifer L. Miller sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $32.27, for a total transaction of $322,700.00. Following the completion of the transaction, the director directly owned 22,111 shares of the company’s stock, valued at $713,521.97. This represents a 31.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nickolas Stavropoulos sold 15,700 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $34.15, for a total transaction of $536,155.00. Following the completion of the sale, the director directly owned 14,111 shares of the company’s stock, valued at approximately $481,890.65. The trade was a 52.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 27,430 shares of company stock valued at $914,468. Corporate insiders own 44.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Robert W. Baird decreased their price target on Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings downgraded Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. UBS Group cut their price objective on Ameresco from $40.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Zacks Research lowered shares of Ameresco from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Finally, B. Riley Financial raised their target price on shares of Ameresco from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $42.56.

About Ameresco

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.