State Street Corp raised its position in iRobot Co. (NASDAQ:IRBT) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 589,677 shares of the industrial products company’s stock after buying an additional 34,477 shares during the period. State Street Corp owned approximately 2.17% of iRobot worth $34,463,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Fund Advisors raised its stake in iRobot by 7.3% in the third quarter. BlackRock Fund Advisors now owns 1,876,014 shares of the industrial products company’s stock worth $82,507,000 after buying an additional 127,699 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in iRobot by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 707,779 shares of the industrial products company’s stock worth $31,128,000 after buying an additional 3,520 shares during the last quarter. Columbus Circle Investors acquired a new stake in iRobot during the third quarter worth $19,004,000. Shell Asset Management Co. raised its stake in iRobot by 22.7% in the third quarter. Shell Asset Management Co. now owns 390,159 shares of the industrial products company’s stock worth $17,159,000 after buying an additional 72,082 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in iRobot by 1.6% in the third quarter. Neuberger Berman Group LLC now owns 309,322 shares of the industrial products company’s stock worth $13,604,000 after buying an additional 4,892 shares during the last quarter. Hedge funds and other institutional investors own 79.37% of the company’s stock.
iRobot Co. (NASDAQ:IRBT) traded up 0.27% during trading on Friday, reaching $67.62. 415,597 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $62.15 and its 200-day moving average price is $56.63. iRobot Co. has a one year low of $33.90 and a one year high of $68.39. The stock has a market cap of $1.84 billion, a P/E ratio of 45.69 and a beta of 1.15.
iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Wednesday, February 8th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.08. The business earned $212.50 million during the quarter, compared to analyst estimates of $205.97 million. iRobot had a return on equity of 11.14% and a net margin of 6.35%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. On average, equities analysts anticipate that iRobot Co. will post $1.54 earnings per share for the current fiscal year.
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IRBT has been the topic of several analyst reports. Zacks Investment Research lowered shares of iRobot from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 24th. Needham & Company LLC lowered shares of iRobot from a “buy” rating to a “hold” rating in a research report on Tuesday, January 31st. Finally, Canaccord Genuity restated a “buy” rating and set a $68.00 price target on shares of iRobot in a research report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $57.71.
In other news, CFO Alison Dean sold 7,375 shares of iRobot stock in a transaction dated Friday, April 7th. The stock was sold at an average price of $66.59, for a total transaction of $491,101.25. Following the completion of the sale, the chief financial officer now directly owns 90,656 shares in the company, valued at approximately $6,036,783.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Colin M. Angle sold 9,485 shares of iRobot stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $65.89, for a total value of $624,966.65. Following the sale, the chief executive officer now owns 495,349 shares of the company’s stock, valued at $32,638,545.61. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,717 shares of company stock valued at $1,741,100. 5.53% of the stock is owned by corporate insiders.
iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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