Greenleaf Trust Acquires New Position in Sunrun Inc. (NASDAQ:RUN)

Greenleaf Trust purchased a new stake in shares of Sunrun Inc. (NASDAQ:RUN) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 11,334 shares of the energy company’s stock, valued at approximately $222,000.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of Sunrun by 76.9% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after acquiring an additional 764 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Sunrun by 149.7% during the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after acquiring an additional 1,127 shares during the last quarter. C M Bidwell & Associates Ltd. boosted its holdings in shares of Sunrun by 1,483.9% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock valued at $30,000 after acquiring an additional 2,211 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Sunrun by 69.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company’s stock valued at $42,000 after acquiring an additional 1,375 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Sunrun in the 3rd quarter worth approximately $53,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Price Performance

Shares of RUN opened at $10.02 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.68. Sunrun Inc. has a 1 year low of $8.43 and a 1 year high of $23.85. The company has a 50 day simple moving average of $12.12 and a two-hundred day simple moving average of $13.20.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, February 21st. The energy company reported ($1.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.20). Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. The business had revenue of $516.59 million during the quarter, compared to analysts’ expectations of $499.74 million. Sell-side analysts anticipate that Sunrun Inc. will post -1.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RUN. Royal Bank of Canada lowered their price objective on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Susquehanna reiterated a “positive” rating and issued a $25.00 price objective on shares of Sunrun in a research note on Friday, April 5th. The Goldman Sachs Group increased their price objective on shares of Sunrun from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. KeyCorp reiterated a “sector weight” rating on shares of Sunrun in a research note on Thursday, January 4th. Finally, Piper Sandler lowered their price objective on shares of Sunrun from $31.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.26.

Insider Activity at Sunrun

In related news, Director Lynn Michelle Jurich sold 4,830 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $58,539.60. Following the completion of the transaction, the director now directly owns 1,403,915 shares of the company’s stock, valued at $17,015,449.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Sunrun news, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the completion of the transaction, the director now directly owns 1,261,317 shares of the company’s stock, valued at $15,072,738.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lynn Michelle Jurich sold 4,830 shares of Sunrun stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $12.12, for a total transaction of $58,539.60. Following the transaction, the director now directly owns 1,403,915 shares of the company’s stock, valued at $17,015,449.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 301,760 shares of company stock valued at $3,615,990. 3.76% of the stock is owned by corporate insiders.

About Sunrun

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.