Swedbank AB Takes $3.90 Million Position in Ameresco, Inc. $AMRC

Swedbank AB bought a new position in shares of Ameresco, Inc. (NYSE:AMRC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 116,000 shares of the utilities provider’s stock, valued at approximately $3,895,000. Swedbank AB owned approximately 0.22% of Ameresco at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMRC. Tower Research Capital LLC TRC boosted its stake 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 worth $53,000 after purchasing an additional 1,754 shares during the period. AlphaQuest LLC purchased a new position in shares of Ameresco in the first quarter worth $114,000. Advisors Asset Management Inc. boosted its position in shares of Ameresco by 57.4% during the first quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider’s stock worth $118,000 after acquiring an additional 3,554 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Ameresco in the first quarter worth approximately $121,000. Finally, Cetera Trust Company N.A lifted its stake in shares of Ameresco by 35.5% during the 2nd quarter. Cetera Trust Company N.A now owns 9,215 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 2,415 shares during the last quarter. Institutional investors own 99.24% of the company’s stock.

Ameresco Trading Down 0.4%

NYSE AMRC opened at $30.22 on Friday. Ameresco, Inc. has a one year low of $8.49 and a one year high of $44.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.50 and a current ratio of 1.51. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 1.46 and a beta of 2.51. The company’s 50-day simple moving average is $34.18 and its two-hundred day simple moving average is $27.60.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.09. The firm had revenue of $525.99 million for the quarter, compared to the consensus estimate of $518.41 million. Ameresco had a net margin of 3.34% and a return on equity of 6.97%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Equities analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. B. Riley increased their target price on Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Roth Capital reaffirmed a “buy” rating on shares of Ameresco in a research note on Wednesday, December 3rd. Jefferies Financial Group set a $45.00 price objective on shares of Ameresco and gave the company a “buy” rating in a research report on Tuesday, November 4th. UBS Group upped their target price on shares of Ameresco from $23.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Finally, Baird R W raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.70.

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.