Swedbank AB Raises Stock Position in Ameresco, Inc. $AMRC

Swedbank AB grew its holdings in Ameresco, Inc. (NYSE:AMRC) by 219.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 370,000 shares of the utilities provider’s stock after buying 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 & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AMRC. Wellington Management Group LLP grew its stake in shares of Ameresco by 170.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after buying an additional 2,981,689 shares in the last quarter. Royce & Associates LP grew its stake in shares of Ameresco by 197.6% in the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock worth $32,371,000 after buying an additional 640,106 shares in the last quarter. Granahan Investment Management LLC grew its stake in shares of Ameresco by 108.4% in the 3rd quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock worth $29,889,000 after buying an additional 462,875 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Ameresco by 91.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 605,330 shares of the utilities provider’s stock worth $20,327,000 after buying an additional 289,381 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Ameresco by 54.7% in the 3rd quarter. Invesco Ltd. now owns 575,173 shares of the utilities provider’s stock worth $19,314,000 after buying an additional 203,374 shares in the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMRC has been the subject of a number of recent research reports. Robert W. Baird dropped their price objective on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. B. Riley Financial lifted their price objective on shares of Ameresco from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Weiss Ratings cut shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Stifel Nicolaus reissued a “buy” rating and issued a $38.00 price objective (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Finally, Zacks Research cut shares of Ameresco from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Ameresco currently has a consensus rating of “Hold” and a consensus price target of $42.56.

Ameresco Price Performance

Ameresco stock opened at $35.74 on Wednesday. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 61.62, a price-to-earnings-growth ratio of 2.62 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 1.48. Ameresco, Inc. has a 1 year low of $12.96 and a 1 year high of $44.93. The firm has a 50-day moving average of $27.85 and a two-hundred day moving average of $30.13.

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 the consensus estimate of ($0.27) by ($0.06). The company had revenue of $401.46 million during the quarter, compared to analysts’ expectations of $362.92 million. Ameresco had a net margin of 1.59% and a return on equity of 3.33%. Ameresco’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm earned ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, research analysts forecast that Ameresco, Inc. will post 1.1 earnings per share for the current year.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 10,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $32.27, for a total value of $322,700.00. Following the completion of the sale, the director directly owned 22,111 shares of the company’s stock, valued at $713,521.97. The trade was a 31.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $30.29, for a total transaction of $302,900.00. Following the completion of the sale, the director directly owned 25,232 shares of the company’s stock, valued at approximately $764,277.28. This trade represents a 28.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,730 shares of company stock valued at $681,213 in the last three months. Company insiders own 44.96% of the company’s stock.

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.