Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in iRobot Co. (NASDAQ:IRBT) by 11.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,543 shares of the industrial products company’s stock after purchasing an additional 661 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in iRobot were worth $719,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. NEXT Financial Group Inc acquired a new position in shares of iRobot in the third quarter worth $121,000. Stratos Wealth Partners LTD. acquired a new position in shares of iRobot in the third quarter worth $127,000. PNC Financial Services Group Inc. grew its stake in shares of iRobot by 74.2% in the second quarter. PNC Financial Services Group Inc. now owns 1,556 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 663 shares in the last quarter. Strs Ohio acquired a new position in shares of iRobot in the third quarter worth $175,000. Finally, Everence Capital Management Inc. acquired a new position in shares of iRobot in the third quarter worth $212,000. 97.24% of the stock is currently owned by institutional investors.
Shares of IRBT stock opened at $94.09 on Thursday. The firm has a market cap of $2.64 billion, a P/E ratio of 53.16, a PEG ratio of 1.84 and a beta of 1.77. iRobot Co. has a 12 month low of $55.77 and a 12 month high of $118.75.
iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.64. iRobot had a net margin of 6.52% and a return on equity of 15.95%. The company had revenue of $264.50 million during the quarter, compared to the consensus estimate of $245.12 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. iRobot’s revenue for the quarter was up 28.8% on a year-over-year basis. Analysts expect that iRobot Co. will post 2.68 EPS for the current year.
In other iRobot news, EVP Glen Daniel Weinstein sold 4,272 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $104.16, for a total value of $444,971.52. Following the completion of the transaction, the executive vice president now owns 59,445 shares in the company, valued at $6,191,791.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Russell J. Campanello sold 48,582 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $110.63, for a total transaction of $5,374,626.66. Following the completion of the transaction, the executive vice president now owns 86,050 shares of the company’s stock, valued at approximately $9,519,711.50. The disclosure for this sale can be found here. Insiders sold 145,529 shares of company stock valued at $14,426,706 in the last 90 days. 3.51% of the stock is currently owned by insiders.
Several equities analysts have commented on the stock. Piper Jaffray Companies dropped their price target on shares of iRobot to $82.00 and set a “neutral” rating for the company in a research note on Wednesday, October 24th. Zacks Investment Research downgraded shares of iRobot from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Dougherty & Co reiterated a “neutral” rating on shares of iRobot in a research note on Wednesday, October 24th. BidaskClub downgraded shares of iRobot from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, Canaccord Genuity assumed coverage on shares of iRobot in a research note on Monday, November 5th. They set a “buy” rating and a $115.00 target price for the company. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $89.20.
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iRobot Company Profile
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 stair.
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