Allianz Asset Management GmbH lifted its position in iRobot Co. (NASDAQ:IRBT) by 977.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,662 shares of the industrial products company’s stock after acquiring an additional 114,911 shares during the period. Allianz Asset Management GmbH’s holdings in iRobot were worth $9,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of iRobot by 3.4% in the fourth quarter. BlackRock Inc. now owns 3,778,273 shares of the industrial products company’s stock worth $289,792,000 after acquiring an additional 123,764 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of iRobot by 47.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 978,328 shares of the industrial products company’s stock worth $75,038,000 after acquiring an additional 315,233 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in shares of iRobot by 106.3% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 689,707 shares of the industrial products company’s stock worth $52,900,000 after acquiring an additional 355,441 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of iRobot by 127.6% in the fourth quarter. Global X Management Co. LLC now owns 304,133 shares of the industrial products company’s stock worth $23,327,000 after acquiring an additional 170,502 shares during the last quarter. Finally, Rothschild Asset Management Inc. boosted its stake in shares of iRobot by 10.0% in the third quarter. Rothschild Asset Management Inc. now owns 293,961 shares of the industrial products company’s stock worth $22,653,000 after acquiring an additional 26,719 shares during the last quarter. 89.32% of the stock is currently owned by hedge funds and other institutional investors.
In other iRobot news, Director Andrew Miller sold 441 shares of iRobot 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 sale, the director now owns 4,670 shares in the company, valued at $374,113.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Colin M. Angle sold 45,200 shares of iRobot stock in a transaction on Tuesday, December 26th. The shares were 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 in the company, valued at approximately $42,805,119.78. The disclosure for this sale can be found here. Company insiders own 4.49% of the company’s stock.
iRobot Co. (IRBT) opened at $70.27 on Tuesday. iRobot Co. has a 1 year low of $55.77 and a 1 year high of $109.78. The company has a market capitalization of $1,960.00, a P/E ratio of 32.09, a P/E/G ratio of 1.98 and a beta of 1.16.
iRobot (NASDAQ:IRBT) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.29. iRobot had a return on equity of 12.62% and a net margin of 5.77%. The firm had revenue of $327.00 million for the quarter, compared to the consensus estimate of $319.02 million. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue was up 53.9% compared to the same quarter last year. analysts expect that iRobot Co. will post 2.3 earnings per share for the current fiscal year.
iRobot announced that its board has approved a share buyback plan on Tuesday, February 27th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
IRBT has been the topic of a number of research analyst reports. Citigroup initiated coverage on iRobot in a research note on Monday, December 4th. They issued a “neutral” rating and a $74.00 price target on the stock. BidaskClub raised iRobot from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Sidoti lowered iRobot from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Piper Jaffray Companies reiterated a “neutral” rating on shares of iRobot in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. upgraded iRobot from an “underweight” rating to a “neutral” rating and set a $61.00 price objective on the stock in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $68.80.
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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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