Illinois Municipal Retirement Fund Buys New Holdings in Sunrun Inc. (NASDAQ:RUN)

Illinois Municipal Retirement Fund bought a new stake in Sunrun Inc. (NASDAQ:RUN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 130,682 shares of the energy company’s stock, valued at approximately $1,209,000.

A number of other large investors have also modified their holdings of RUN. International Assets Investment Management LLC raised its stake in shares of Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,638 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after acquiring an additional 2,000 shares during the period. Blue Trust Inc. grew its position in Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after acquiring an additional 1,465 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Sunrun in the third quarter valued at $44,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Sunrun in the fourth quarter valued at $56,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sunrun

In other Sunrun news, 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 represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total value of $455,000.00. Following the completion of the transaction, the director now directly owns 941,753 shares in the company, valued at $8,569,952.30. The trade was a 5.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 164,830 shares of company stock worth $1,572,147 over the last 90 days. Insiders own 3.77% of the company’s stock.

Sunrun Price Performance

Sunrun stock opened at $7.25 on Friday. The business’s 50-day simple moving average is $9.28 and its 200 day simple moving average is $13.08. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -3.98 and a beta of 2.59. Sunrun Inc. has a 12-month low of $6.99 and a 12-month high of $22.26. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Truist Financial reiterated a “hold” rating and issued a $12.00 price target (down from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Guggenheim cut Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. TD Cowen lowered their price target on Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday. Morgan Stanley decreased their target price on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Finally, Roth Mkm decreased their target price on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.01.

Sunrun Company Profile

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.