Handelsbanken Fonder AB Increases Stock Holdings in Ameresco, Inc. $AMRC

Handelsbanken Fonder AB increased its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 5.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 857,979 shares of the utilities provider’s stock after acquiring an additional 42,826 shares during the quarter. Handelsbanken Fonder AB’s holdings in Ameresco were worth $23,680,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State of Wyoming bought a new position in Ameresco during the 4th quarter valued at $27,000. Fifth Third Bancorp purchased a new position in Ameresco during the 1st quarter worth $44,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Ameresco in the 4th quarter worth $48,000. Tower Research Capital LLC TRC raised its holdings in shares of Ameresco by 99.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,754 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of Ameresco in the fourth quarter valued at about $55,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMRC shares. Oppenheimer reissued a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. Zacks Research raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Finally, Canaccord Genuity Group boosted their target price on Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ameresco presently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Ameresco Price Performance

AMRC opened at $27.66 on Thursday. Ameresco, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $44.93. The firm has a 50-day moving average of $25.58 and a 200 day moving average of $28.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. The firm has a market cap of $1.46 billion, a P/E ratio of 53.19, a PEG ratio of 1.89 and a beta of 2.62.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, research analysts expect that Ameresco, Inc. will post 1.24 EPS for the current year.

Insider Activity at Ameresco

In related news, Director Francis V. Wisneski, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $36.12, for a total value of $180,600.00. Following the transaction, the director owned 25,232 shares in the company, valued at approximately $911,379.84. This represents a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nickolas Stavropoulos sold 1,355 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $34.00, for a total value of $46,070.00. Following the transaction, the director directly owned 14,111 shares of the company’s stock, valued at approximately $479,774. This trade represents a 8.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have bought 45,700 shares of company stock worth $1,150,299 and have sold 26,355 shares worth $852,270. 45.10% of the stock is currently owned by company insiders.

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.