Rhumbline Advisers boosted its holdings in iRobot Co. (NASDAQ:IRBT) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,155 shares of the industrial products company’s stock after acquiring an additional 9,056 shares during the quarter. Rhumbline Advisers owned 0.23% of iRobot worth $4,921,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado bought a new position in iRobot in the 4th quarter valued at approximately $152,000. Flagship Harbor Advisors LLC bought a new position in iRobot in the 4th quarter valued at approximately $236,000. Raymond James Financial Services Advisors Inc. bought a new position in iRobot in the 4th quarter valued at approximately $226,000. Kovack Advisors Inc. bought a new position in iRobot in the 4th quarter valued at approximately $246,000. Finally, Trexquant Investment LP bought a new position in iRobot in the 3rd quarter valued at approximately $287,000. 89.32% of the stock is currently owned by institutional investors and hedge funds.
iRobot Co. (IRBT) opened at $70.13 on Friday. The firm has a market capitalization of $1,959.78, a price-to-earnings ratio of 39.62, a PEG ratio of 2.03 and a beta of 1.16. iRobot Co. has a twelve month low of $55.77 and a twelve month high of $109.78.
iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.29. The firm had revenue of $327.00 million for the quarter, compared to analysts’ expectations of $319.02 million. iRobot had a return on equity of 12.62% and a net margin of 5.77%. The company’s revenue was up 53.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS. equities analysts anticipate that iRobot Co. will post 2.3 EPS for the current year.
iRobot announced that its board has approved a stock repurchase program on Tuesday, February 27th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
IRBT has been the topic of several analyst reports. Northland Securities initiated coverage on iRobot in a research report on Friday, February 16th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. raised iRobot from an “underweight” rating to a “neutral” rating and set a $61.00 price target on the stock in a report on Friday, February 9th. BidaskClub raised iRobot from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Citigroup began coverage on iRobot in a report on Monday, December 4th. They set a “neutral” rating and a $74.00 price target on the stock. Finally, Sidoti raised iRobot from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $68.80.
In other news, Director Andrew Miller sold 441 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total value of $35,328.51. Following the completion of the sale, the director now directly owns 4,670 shares in the company, valued at approximately $374,113.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Colin M. Angle sold 45,200 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $80.06, for a total value of $3,618,712.00. Following the completion of the sale, the chief executive officer now owns 534,663 shares of the company’s stock, valued at $42,805,119.78. The disclosure for this sale can be found here. Corporate insiders own 4.49% of the company’s stock.
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iRobot Company Profile
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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