Handelsbanken Fonder AB Purchases 42,826 Shares of Ameresco, Inc. $AMRC

Key Points

• Handelsbanken Fonder AB increased its Ameresco stake by 5.3% in the second quarter, purchasing 42,826 shares and bringing its total holdings to 857,979 shares worth approximately $23.68 million. Institutional investors collectively own 99.24% of the company.
• Ameresco insiders bought 45,700 shares worth $1.15 million in the past quarter, while selling 26,355 shares valued at $852,270. Director Brian C. Cox was among the buyers, acquiring 39,700 shares.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $43.33. Ameresco reported quarterly revenue of $515.46 million, up 9.1% year over year, while EPS of $0.20 matched estimates.

Handelsbanken Fonder AB lifted its position in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 857,979 shares of the utilities provider's stock after buying an additional 42,826 shares during the quarter. Handelsbanken Fonder AB owned about 1.62% of Ameresco worth $23,680,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. State of Wyoming acquired a new position in Ameresco in the fourth quarter valued at $27,000. Fifth Third Bancorp bought a new stake in Ameresco during the first quarter valued at $44,000. Caitong International Asset Management Co. Ltd acquired a new stake in Ameresco during the 4th quarter worth about $48,000. Tower Research Capital LLC TRC grew its holdings in Ameresco by 99.4% during 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 during the period. Finally, Summit Securities Group LLC bought a new position in shares of Ameresco in the 4th quarter worth about $55,000. Institutional investors own 99.24% of the company's stock.

Insiders Place Their Bets

In other Ameresco news, Director Brian C. Cox acquired 39,700 shares of the stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $25.07 per share, for a total transaction of $995,279.00. Following the completion of the acquisition, the director owned 39,700 shares in the company, valued at approximately $995,279. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Francis V. Wisneski, Jr. sold 5,000 shares of the firm's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $36.12, for a total transaction of $180,600.00. Following the completion of the transaction, the director directly owned 25,232 shares in the company, valued at $911,379.84. This trade represents a 16.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have acquired 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 owned by company insiders.

Wall Street Analysts Forecast Growth

AMRC has been the topic of a number of recent analyst reports. Oppenheimer reissued a "market perform" rating on shares of Ameresco in a research note on Tuesday, August 4th. Canaccord Genuity Group lifted their target price on Ameresco from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. UBS Group lifted their target price on Ameresco from $28.00 to $32.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Guggenheim initiated coverage on Ameresco in a research note on Friday, May 22nd. They issued a "neutral" rating on the stock. Finally, Zacks Research upgraded Ameresco from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.33.

Ameresco Stock Up 6.8%

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

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, meeting analysts' consensus estimates of $0.20. The firm had revenue of $515.46 million during the quarter, compared to analysts' expectations of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The company's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last 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 earnings per share for the current fiscal year.

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.

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