Handelsbanken Fonder AB Boosts Stock Holdings in Ameresco, Inc. (NYSE:AMRC)

Handelsbanken Fonder AB lifted its stake in Ameresco, Inc. (NYSE:AMRC) by 0.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,676,502 shares of the utilities provider’s stock after purchasing an additional 2,056 shares during the period. Handelsbanken Fonder AB owned about 3.20% of Ameresco worth $63,606,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMRC. The Manufacturers Life Insurance Company boosted its stake in shares of Ameresco by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock valued at $356,000 after buying an additional 489 shares during the period. Bridge City Capital LLC lifted its stake in Ameresco by 0.8% in the first quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock worth $1,927,000 after acquiring an additional 622 shares during the last quarter. Clean Yield Group grew its holdings in Ameresco by 0.6% during the 2nd quarter. Clean Yield Group now owns 170,007 shares of the utilities provider’s stock worth $4,898,000 after acquiring an additional 1,087 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Ameresco by 15.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 1,410 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Ameresco in the 2nd quarter valued at approximately $75,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ameresco news, CFO Spencer Doran Hole sold 5,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $26.53, for a total value of $132,650.00. Following the transaction, the chief financial officer now directly owns 1,878 shares of the company’s stock, valued at approximately $49,823.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 5,221 shares of company stock valued at $140,814 over the last three months. 42.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on AMRC. UBS Group increased their target price on Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Robert W. Baird upped their price objective on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. B. Riley upgraded Ameresco to a “strong-buy” rating in a research note on Tuesday, June 25th. Piper Sandler lowered their price target on Ameresco from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, Jefferies Financial Group initiated coverage on shares of Ameresco in a research note on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Ameresco presently has an average rating of “Moderate Buy” and a consensus price target of $38.46.

Ameresco Stock Performance

NYSE:AMRC traded up $0.38 during trading hours on Friday, reaching $34.68. 229,024 shares of the company’s stock were exchanged, compared to its average volume of 483,129. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 1.31 and a beta of 1.79. Ameresco, Inc. has a 1-year low of $17.55 and a 1-year high of $39.68. The company has a 50-day moving average of $31.60 and a 200 day moving average of $28.99.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The company had revenue of $437.98 million for the quarter, compared to analysts’ expectations of $373.75 million. During the same period in the prior year, the business earned $0.15 EPS. The business’s quarterly revenue was up 33.9% compared to the same quarter last year. Research analysts anticipate that Ameresco, Inc. will post 1.16 EPS for the current year.

About Ameresco

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.