Ameresco, Inc. $AMRC Holdings Raised by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 91.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 605,330 shares of the utilities provider’s stock after acquiring an additional 289,381 shares during the period. Handelsbanken Fonder AB’s holdings in Ameresco were worth $20,327,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. First Trust Advisors LP boosted its position in Ameresco by 1,832.5% during the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock valued at $26,965,000 after purchasing an additional 1,683,326 shares during the last quarter. DNB Asset Management AS raised its stake in shares of Ameresco by 3.8% during the 2nd quarter. DNB Asset Management AS now owns 1,189,714 shares of the utilities provider’s stock worth $18,072,000 after purchasing an additional 43,411 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Ameresco by 33.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 753,807 shares of the utilities provider’s stock valued at $11,450,000 after buying an additional 187,380 shares during the last quarter. Redwood Grove Capital LLC grew its stake in shares of Ameresco by 36.0% in the 2nd quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider’s stock valued at $10,327,000 after buying an additional 179,943 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Ameresco by 14.3% in the second quarter. Legal & General Group Plc now owns 679,355 shares of the utilities provider’s stock worth $10,319,000 after buying an additional 84,960 shares during the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wall Street Zen cut shares of Ameresco from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Cantor Fitzgerald assumed coverage on shares of Ameresco in a report on Friday, January 23rd. They set an “overweight” rating and a $41.00 price target on the stock. UBS Group lifted their price objective 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. Jefferies Financial Group set a $45.00 target price on shares of Ameresco and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, William Blair raised Ameresco to a “hold” rating in a research report on Tuesday, January 27th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Ameresco presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.80.

Ameresco Stock Down 4.6%

AMRC stock opened at $30.39 on Friday. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 1.05 and a beta of 2.53. The company has a 50-day moving average of $31.45 and a two-hundred day moving average of $32.08. Ameresco, Inc. has a 52-week low of $8.49 and a 52-week high of $44.93. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.51 and a quick ratio of 1.50.

Insiders Place Their Bets

In other Ameresco news, Director Nickolas Stavropoulos sold 15,700 shares of Ameresco stock in a transaction that occurred on 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 directly owned 14,111 shares of the company’s stock, valued at $481,890.65. The trade was a 52.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 16,645 shares of company stock worth $568,297. 44.96% of the stock is owned by corporate insiders.

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.