84,292 Shares of Sunrun Inc. $RUN Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. acquired a new stake in shares of Sunrun Inc. (NASDAQ:RUN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 84,292 shares of the energy company’s stock, valued at approximately $655,000.

A number of other institutional investors have also modified their holdings of RUN. Allworth Financial LP acquired a new stake in Sunrun during the second quarter worth about $25,000. Summit Securities Group LLC acquired a new position in Sunrun in the first quarter valued at approximately $36,000. Nykredit A S acquired a new position in Sunrun in the second quarter valued at approximately $78,000. Leonteq Securities AG boosted its stake in Sunrun by 26.8% in the first quarter. Leonteq Securities AG now owns 6,281 shares of the energy company’s stock valued at $85,000 after acquiring an additional 1,327 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Sunrun during the second quarter valued at approximately $125,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Trading Down 4.1%

Shares of NASDAQ:RUN opened at $7.27 on Tuesday. The company has a market cap of $1.75 billion, a PE ratio of 4.91 and a beta of 2.44. The company’s 50-day moving average price is $8.29 and its 200 day moving average price is $12.69. Sunrun Inc. has a fifty-two week low of $6.78 and a fifty-two week high of $21.95. The company has a quick ratio of 1.00, a current ratio of 1.42 and a debt-to-equity ratio of 3.34.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Glj Research reiterated a “sell” rating and set a $4.63 price target on shares of Sunrun in a research report on Monday, August 17th. Jefferies Financial Group reissued a “hold” rating and issued a $7.00 price target on shares of Sunrun in a report on Friday, October 9th. Weiss Ratings upgraded Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 9th. Roth Capital restated a “buy” rating on shares of Sunrun in a research report on Thursday, July 9th. Finally, The Goldman Sachs Group lowered their price objective on Sunrun from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.39.

Insider Buying and Selling

In other news, Director Lynn Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $9.96, for a total transaction of $498,000.00. Following the completion of the transaction, the director directly owned 367,405 shares in the company, valued at approximately $3,659,353.80. The trade was a 11.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary Powell sold 24,335 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $7.76, for a total value of $188,839.60. Following the completion of the transaction, the chief executive officer directly owned 1,087,200 shares of the company’s stock, valued at $8,436,672. This trade represents a 2.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.

Sunrun Company 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.