Ameresco, Inc. $AMRC Shares Bought by Swedbank AB

Swedbank AB lifted its position in Ameresco, Inc. (NYSE:AMRC) by 219.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 370,000 shares of the utilities provider’s stock after acquiring an additional 254,000 shares during the period. Swedbank AB’s holdings in Ameresco were worth $10,837,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC acquired a new position in shares of Ameresco in the 3rd quarter worth approximately $50,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Ameresco in the 3rd quarter worth approximately $76,000. Nkcfo LLC acquired a new position in shares of Ameresco in the 3rd quarter worth approximately $107,000. Tower Research Capital LLC TRC grew its position 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 worth $53,000 after acquiring an additional 1,754 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Ameresco in the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Trading Up 1.0%

NYSE:AMRC opened at $29.98 on Friday. Ameresco, Inc. has a 12-month low of $12.95 and a 12-month high of $44.93. The firm has a market capitalization of $1.59 billion, a P/E ratio of 51.69, a P/E/G ratio of 2.44 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 1.50. The business has a 50 day simple moving average of $27.04 and a 200 day simple moving average of $30.89.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported ($0.33) earnings per share (EPS) 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 company had revenue of $401.46 million for the quarter, compared to analyst estimates of $362.92 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Equities research analysts predict that Ameresco, Inc. will post 1.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AMRC shares. Canaccord Genuity Group lifted their target price on Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group reduced their price objective on Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Weiss Ratings lowered Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday. Wall Street Zen lowered Ameresco from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Finally, William Blair upgraded Ameresco to a “hold” rating in a research report on Tuesday, January 27th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ameresco has a consensus rating of “Hold” and an average price target of $42.11.

Insiders Place Their Bets

In other Ameresco news, Director Nickolas Stavropoulos sold 15,700 shares of Ameresco 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 sale, the director owned 14,111 shares of the company’s stock, valued at $481,890.65. The trade was a 52.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 16,920 shares of company stock worth $574,440. 44.96% of the stock is owned by insiders.

Ameresco 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.