Sunrun Inc. $RUN Shares Bought by Robeco Schweiz AG

Robeco Schweiz AG increased its position in shares of Sunrun Inc. (NASDAQ:RUN) by 28.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,478,228 shares of the energy company’s stock after acquiring an additional 1,214,548 shares during the quarter. Robeco Schweiz AG’s holdings in Sunrun were worth $42,566,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RUN. Amundi increased its holdings in shares of Sunrun by 56.3% in the first quarter. Amundi now owns 3,300,626 shares of the energy company’s stock worth $44,798,000 after acquiring an additional 1,188,564 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Sunrun in the 2nd quarter valued at $18,120,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Sunrun in the second quarter valued at about $4,210,000. EP Wealth Advisors LLC bought a new stake in shares of Sunrun during the 2nd quarter worth approximately $1,960,000. Finally, Bank of America Corp DE acquired a new position in Sunrun during the second quarter worth $29,953,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sunrun news, CRO Paul Dickson sold 15,837 shares of the stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $7.76, for a total transaction of $122,895.12. Following the sale, the executive directly owned 823,702 shares in the company, valued at $6,391,927.52. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeanna Steele sold 10,042 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $7.76, for a total transaction of $77,925.92. Following the completion of the transaction, the insider directly owned 451,673 shares in the company, valued at approximately $3,504,982.48. This represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 118,719 shares of company stock valued at $1,031,277 in the last ninety days. Insiders own 3.55% of the company’s stock.

Analyst Ratings Changes

RUN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on Sunrun from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Weiss Ratings upgraded Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, October 9th. Susquehanna cut their price objective on Sunrun from $15.00 to $13.00 and set a “positive” rating for the company in a research report on Wednesday, October 14th. Barclays cut their price objective on Sunrun from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, October 9th. Finally, Royal Bank Of Canada reduced their target price on Sunrun from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.39.

Sunrun Trading Down 1.6%

Shares of Sunrun stock opened at $7.58 on Friday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42. The firm has a 50-day moving average of $8.32 and a 200-day moving average of $11.15. Sunrun Inc. has a 52-week low of $6.78 and a 52-week high of $21.95. The stock has a market cap of $1.83 billion, a PE ratio of 5.12 and a beta of 2.44.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.19. The business had revenue of $869.99 million for the quarter, compared to the consensus estimate of $746.87 million. Sunrun had a return on equity of 9.59% and a net margin of 11.59%. The firm’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 earnings per share. As a group, sell-side analysts forecast that Sunrun Inc. will post 1.46 EPS for the current year.

Sunrun Profile

Sunrun Inc is a residential clean-energy company that designs, sells, installs, owns and maintains home solar energy systems. The company provides rooftop solar panels and related equipment through purchase and financing options, as well as subscription-based solar-as-a-service arrangements under which customers pay for the electricity their systems produce.

Sunrun also offers home energy storage through its Brightbox battery product. These systems can store solar-generated electricity for use when solar production is unavailable and may provide backup power during grid outages.