Psagot Investment House Ltd. lowered its position in iRobot Co. (NASDAQ:IRBT) by 30.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 818 shares of the industrial products company’s stock after selling 350 shares during the period. Psagot Investment House Ltd.’s holdings in iRobot were worth $96,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of IRBT. Norges Bank purchased a new stake in iRobot during the 4th quarter worth approximately $33,787,000. FMR LLC grew its position in iRobot by 7.3% during the 4th quarter. FMR LLC now owns 2,589,072 shares of the industrial products company’s stock worth $216,809,000 after purchasing an additional 176,245 shares during the last quarter. PNC Financial Services Group Inc. grew its position in iRobot by 7,807.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 141,068 shares of the industrial products company’s stock worth $11,813,000 after purchasing an additional 139,284 shares during the last quarter. Columbus Circle Investors grew its position in iRobot by 62.6% during the 4th quarter. Columbus Circle Investors now owns 338,629 shares of the industrial products company’s stock worth $28,357,000 after purchasing an additional 130,362 shares during the last quarter. Finally, Truehand Inc purchased a new stake in iRobot during the 4th quarter worth approximately $5,251,000. 97.16% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:IRBT traded down $3.85 during trading hours on Thursday, reaching $93.00. 279,135 shares of the company were exchanged, compared to its average volume of 903,118. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 3.22. The stock has a market capitalization of $2.72 billion, a PE ratio of 21.33, a P/E/G ratio of 1.24 and a beta of 1.63. iRobot Co. has a twelve month low of $60.05 and a twelve month high of $132.88.
iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.16. The company had revenue of $237.66 million during the quarter, compared to analysts’ expectations of $251.40 million. iRobot had a net margin of 8.09% and a return on equity of 17.64%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. Research analysts forecast that iRobot Co. will post 4.12 earnings per share for the current year.
IRBT has been the topic of several research analyst reports. Northland Securities reissued a “buy” rating and set a $130.00 target price on shares of iRobot in a research report on Tuesday, April 9th. Sidoti downgraded shares of iRobot from a “buy” rating to a “neutral” rating and set a $118.00 price objective on the stock. in a report on Thursday, February 21st. They noted that the move was a valuation call. ValuEngine raised shares of iRobot from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Piper Jaffray Companies upped their price objective on shares of iRobot from $82.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, February 7th. Finally, Needham & Company LLC downgraded shares of iRobot from a “buy” rating to a “hold” rating and set a $126.87 price objective on the stock. in a report on Tuesday, March 19th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. iRobot has a consensus rating of “Hold” and an average price target of $114.12.
In related news, Director Deborah G. Ellinger sold 2,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the sale, the director now owns 16,726 shares of the company’s stock, valued at $2,174,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Glen Daniel Weinstein sold 1,995 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $106.04, for a total transaction of $211,549.80. The disclosure for this sale can be found here. Insiders sold 93,897 shares of company stock valued at $11,580,646 over the last quarter. Company insiders own 3.01% of the company’s stock.
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iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.
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