Swedbank AB Buys Shares of 116,000 Ameresco, Inc. $AMRC

Swedbank AB bought a new position in Ameresco, Inc. (NYSE:AMRC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 116,000 shares of the utilities provider’s stock, valued at approximately $3,895,000.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Ameresco by 99.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,754 shares in the last quarter. Northside Capital Management LLC purchased a new stake in Ameresco during the third quarter valued at approximately $252,000. Cetera Trust Company N.A boosted its stake in Ameresco by 35.5% in the second quarter. Cetera Trust Company N.A now owns 9,215 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 2,415 shares in the last quarter. AlphaQuest LLC acquired a new stake in Ameresco in the first quarter valued at approximately $114,000. Finally, Advisors Asset Management Inc. grew its holdings in Ameresco by 57.4% in the first quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 3,554 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Stock Down 0.4%

Shares of AMRC stock opened at $30.22 on Friday. Ameresco, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $44.93. The firm has a market capitalization of $1.60 billion, a PE ratio of 25.39, a P/E/G ratio of 1.46 and a beta of 2.51. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.50 and a current ratio of 1.51. The stock’s 50-day simple moving average is $34.18 and its 200-day simple moving average is $27.60.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, November 3rd. The utilities provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.09. Ameresco had a return on equity of 6.97% and a net margin of 3.34%.The firm had revenue of $525.99 million for the quarter, compared to analyst estimates of $518.41 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. Ameresco’s revenue for the quarter was up 5.0% on a year-over-year basis. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Equities analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Analyst Ratings Changes

AMRC has been the subject of several analyst reports. Jefferies Financial Group set a $45.00 price objective on Ameresco and gave the company a “buy” rating in a report on Tuesday, November 4th. Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday. Robert W. Baird raised Ameresco from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $23.00 to $35.00 in a report on Tuesday, September 2nd. B. Riley boosted their price target on Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Stifel Nicolaus increased their price objective on shares of Ameresco from $31.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.70.

Ameresco Company Profile

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.