iRobot Co. (IRBT) Shares Bought by Rhumbline Advisers

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Rhumbline Advisers increased its stake in shares of iRobot Co. (NASDAQ:IRBT) by 0.9% during the first quarter, Holdings Channel reports. The institutional investor owned 79,801 shares of the industrial products company’s stock after buying an additional 698 shares during the quarter. Rhumbline Advisers’ holdings in iRobot were worth $9,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Osborn Williams & Donohoe LLC purchased a new stake in shares of iRobot during the first quarter valued at $29,000. Capital Investment Advisory Services LLC purchased a new stake in shares of iRobot during the fourth quarter valued at $39,000. Bruderman Asset Management LLC purchased a new stake in shares of iRobot during the fourth quarter valued at $58,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of iRobot by 16.7% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 700 shares of the industrial products company’s stock valued at $82,000 after buying an additional 100 shares during the last quarter. Finally, Optimum Investment Advisors grew its holdings in shares of iRobot by 225.0% during the fourth quarter. Optimum Investment Advisors now owns 1,000 shares of the industrial products company’s stock valued at $84,000 after buying an additional 1,800 shares during the last quarter. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

IRBT has been the topic of several recent research reports. Northland Securities reaffirmed a “buy” rating and issued a $130.00 price target on shares of iRobot in a report on Tuesday, April 9th. ValuEngine raised shares of iRobot from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. BidaskClub raised shares of iRobot from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. Needham & Company LLC lowered shares of iRobot from a “buy” rating to a “hold” rating and set a $126.87 price target on the stock. in a report on Tuesday, March 19th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies upped their price target on shares of iRobot from $82.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, February 7th. Eight investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $114.12.

In other iRobot news, CEO Colin M. Angle sold 16,272 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $122.65, for a total value of $1,995,760.80. Following the completion of the transaction, the chief executive officer now owns 449,629 shares in the company, valued at $55,146,996.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Alison Dean sold 23,625 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $126.12, for a total transaction of $2,979,585.00. Following the completion of the transaction, the chief financial officer now owns 68,765 shares of the company’s stock, valued at approximately $8,672,641.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,402 shares of company stock valued at $11,198,097. Insiders own 3.01% of the company’s stock.

Shares of iRobot stock opened at $89.45 on Monday. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.06 and a beta of 1.63. iRobot Co. has a fifty-two week low of $61.39 and a fifty-two week high of $132.88. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.22 and a quick ratio of 1.97.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.16. The business had revenue of $237.66 million during the quarter, compared to the consensus estimate of $251.40 million. iRobot had a net margin of 8.09% and a return on equity of 17.64%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, sell-side analysts predict that iRobot Co. will post 3.26 earnings per share for the current year.

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iRobot 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 stairs.

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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