Swiss National Bank Has $4.07 Million Holdings in Sunrun Inc. (NASDAQ:RUN)

Swiss National Bank grew its position in shares of Sunrun Inc. (NASDAQ:RUN) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 439,700 shares of the energy company’s stock after buying an additional 7,000 shares during the quarter. Swiss National Bank owned approximately 0.20% of Sunrun worth $4,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. State Street Corp boosted its holdings in Sunrun by 0.6% in the third quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock worth $165,424,000 after purchasing an additional 54,329 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Sunrun by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock worth $96,019,000 after acquiring an additional 30,549 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Sunrun in the third quarter valued at approximately $76,152,000. FMR LLC grew its position in shares of Sunrun by 83.6% in the third quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock valued at $61,952,000 after purchasing an additional 1,562,163 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Sunrun by 7.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company’s stock valued at $21,511,000 after acquiring an additional 155,311 shares during the period. Institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays cut their target price on Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Royal Bank of Canada dropped their price objective on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. BMO Capital Markets reduced their target price on Sunrun from $11.00 to $9.00 and set a “market perform” rating on the stock in a report on Monday, March 3rd. StockNews.com raised Sunrun to a “sell” rating in a report on Friday, December 20th. Finally, UBS Group reduced their price objective on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

Sunrun Stock Performance

Shares of RUN stock opened at $6.56 on Wednesday. The stock has a market cap of $1.48 billion, a PE ratio of -3.60 and a beta of 2.84. The stock has a 50-day moving average of $8.10 and a 200-day moving average of $11.45. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. Sunrun Inc. has a one year low of $5.93 and a one year high of $22.26.

Insiders Place Their Bets

In other Sunrun news, Director Edward Harris Fenster bought 150,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $6.80 per share, with a total value of $1,020,000.00. Following the purchase, the director now owns 1,358,182 shares in the company, valued at $9,235,637.60. This trade represents a 12.42 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary Powell sold 4,350 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $48,633.00. Following the transaction, the chief executive officer now owns 560,321 shares of the company’s stock, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,466 shares of company stock worth $1,136,397. Company insiders own 3.77% of the company’s stock.

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.