Swedbank AB Acquires 275,000 Shares of Ameresco, Inc. $AMRC

Swedbank AB boosted its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 74.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 645,000 shares of the utilities provider’s stock after purchasing an additional 275,000 shares during the period. Swedbank AB’s holdings in Ameresco were worth $16,448,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Ameresco by 170.0% in the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after purchasing an additional 2,981,689 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Ameresco by 503.4% in the fourth quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock valued at $31,240,000 after buying an additional 889,820 shares during the last quarter. Granahan Investment Management LLC lifted its position in Ameresco by 108.4% during 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. Invesco Ltd. lifted its position in Ameresco by 54.7% during 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. Finally, Redwood Grove Capital LLC grew its holdings in Ameresco by 36.0% during the 2nd quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider’s stock worth $10,327,000 after acquiring an additional 179,943 shares during the last quarter. Institutional investors own 99.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AMRC has been the subject of several research reports. Guggenheim started coverage on shares of Ameresco in a research report on Friday, May 22nd. They issued a “neutral” rating for the company. Cantor Fitzgerald increased their price target on shares of Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Weiss Ratings lowered shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 11th. 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 report on Tuesday, May 5th. Finally, Zacks Research raised Ameresco from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 3rd. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $42.56.

Insider Buying and Selling at Ameresco

In other news, Director Nickolas Stavropoulos sold 1,355 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $34.00, for a total value of $46,070.00. Following the transaction, the director owned 14,111 shares of the company’s stock, valued at $479,774. This represents a 8.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 5,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 25,232 shares in the company, valued at $911,379.84. This represents a 16.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 26,355 shares of company stock worth $852,270. Insiders own 45.10% of the company’s stock.

Ameresco Stock Up 1.9%

Shares of NYSE:AMRC opened at $25.72 on Friday. Ameresco, Inc. has a one year low of $15.52 and a one year high of $44.93. The company has a 50 day moving average of $29.54 and a 200-day moving average of $29.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 44.35, a P/E/G ratio of 2.08 and a beta of 2.60.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.06). Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The business had revenue of $401.46 million during the quarter, compared to analyst estimates of $362.92 million. During the same quarter in the prior year, the company earned ($0.11) earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, sell-side analysts forecast that Ameresco, Inc. will post 1.1 earnings per share for the current year.

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.