Ameresco, Inc. $AMRC Stock Holdings Boosted by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in Ameresco, Inc. (NYSE:AMRC) by 91.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 605,330 shares of the utilities provider’s stock after buying an additional 289,381 shares during the period. Handelsbanken Fonder AB owned approximately 1.15% of Ameresco worth $20,327,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. CoreCap Advisors LLC bought a new position in Ameresco during the third quarter valued at about $50,000. Tower Research Capital LLC TRC lifted its holdings in 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 acquiring an additional 1,754 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Ameresco during the 3rd quarter valued at about $76,000. Nkcfo LLC bought a new position in shares of Ameresco during the 3rd quarter valued at about $107,000. Finally, Cetera Trust Company N.A grew its stake in shares of Ameresco by 35.5% in the 2nd quarter. Cetera Trust Company N.A now owns 9,215 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 2,415 shares during the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Insiders Place Their Bets

In other news, Director Nickolas Stavropoulos sold 15,700 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $34.15, for a total value of $536,155.00. Following the transaction, the director owned 14,111 shares in the company, valued at $481,890.65. This represents a 52.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 16,645 shares of company stock worth $568,297. Insiders own 44.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AMRC. UBS Group increased their target price on shares of Ameresco from $23.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ameresco in a research report on Monday, December 29th. William Blair raised Ameresco to a “hold” rating in a research note on Tuesday, January 27th. Stifel Nicolaus boosted their target price on Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Finally, Jefferies Financial Group set a $45.00 target price on Ameresco and gave the company a “buy” rating in a report on Tuesday, November 4th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Ameresco has an average rating of “Moderate Buy” and a consensus price target of $37.80.

Ameresco Stock Performance

Shares of AMRC stock opened at $30.39 on Friday. Ameresco, Inc. has a 1-year low of $8.49 and a 1-year high of $44.93. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 1.05 and a beta of 2.53. The stock’s fifty day simple moving average is $31.45 and its 200-day simple moving average is $32.08.

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.