United Services Automobile Association Increases Stock Position in Sunrun Inc. (NASDAQ:RUN)

United Services Automobile Association raised its position in shares of Sunrun Inc. (NASDAQ:RUN – Get Rating) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,834 shares of the energy company’s stock after buying an additional 690 shares during the quarter. United Services Automobile Association’s holdings in Sunrun were worth $630,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alliancebernstein L.P. increased its holdings in shares of Sunrun by 0.5% during the third quarter. Alliancebernstein L.P. now owns 1,547,547 shares of the energy company’s stock valued at $42,697,000 after acquiring an additional 7,090 shares in the last quarter. Castleark Management LLC increased its holdings in shares of Sunrun by 110.2% during the third quarter. Castleark Management LLC now owns 11,790 shares of the energy company’s stock valued at $325,000 after acquiring an additional 6,180 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Sunrun by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 103,058 shares of the energy company’s stock valued at $2,843,000 after acquiring an additional 812 shares in the last quarter. Algert Global LLC increased its holdings in shares of Sunrun by 32.6% during the third quarter. Algert Global LLC now owns 112,874 shares of the energy company’s stock valued at $3,114,000 after acquiring an additional 27,764 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Sunrun during the third quarter valued at $214,000. Hedge funds and other institutional investors own 86.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley reduced their price target on Sunrun from $72.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, January 10th. The Goldman Sachs Group reduced their price objective on Sunrun from $40.00 to $37.00 in a report on Monday, January 30th. BMO Capital Markets reduced their price objective on Sunrun from $39.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, February 23rd. Wells Fargo & Company reduced their price objective on Sunrun from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Friday, February 3rd. Finally, Barclays downgraded Sunrun from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $44.00 to $35.00 in a report on Wednesday, January 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Sunrun presently has an average rating of “Moderate Buy” and an average price target of $40.89.

Insider Buying and Selling

In related news, insider Jeanna Steele sold 14,723 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $25.51, for a total value of $375,583.73. Following the transaction, the insider now directly owns 173,723 shares of the company’s stock, valued at approximately $4,431,673.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Jeanna Steele sold 14,723 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $25.51, for a total value of $375,583.73. Following the transaction, the insider now directly owns 173,723 shares of the company’s stock, valued at approximately $4,431,673.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lynn Michelle Jurich sold 4,775 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $31.32, for a total value of $149,553.00. Following the sale, the director now directly owns 1,444,588 shares in the company, valued at $45,244,496.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,804 shares of company stock valued at $6,838,822. Corporate insiders own 4.29% of the company’s stock.

Sunrun Stock Down 4.3 %

RUN stock opened at $20.35 on Wednesday. Sunrun Inc. has a twelve month low of $16.80 and a twelve month high of $39.13. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 1.13. The stock has a market cap of $4.36 billion, a P/E ratio of 26.43 and a beta of 2.30. The business’s 50-day moving average price is $24.81 and its 200-day moving average price is $27.32.

Sunrun (NASDAQ:RUN – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The energy company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.26. Sunrun had a return on equity of 2.37% and a net margin of 7.47%. The firm had revenue of $609.20 million for the quarter, compared to analysts’ expectations of $588.89 million. During the same period in the previous year, the firm earned ($0.11) EPS. The business’s quarterly revenue was up 40.0% on a year-over-year basis. On average, equities research analysts forecast that Sunrun Inc. will post -0.18 EPS for the current year.

About Sunrun

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Sunrun, Inc engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.