Flagship Harbor Advisors LLC cut its position in shares of iRobot Co. (NASDAQ:IRBT) by 4.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,460 shares of the industrial products company’s stock after selling 210 shares during the period. Flagship Harbor Advisors LLC’s holdings in iRobot were worth $524,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in iRobot by 16.7% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 700 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 100 shares in the last quarter. State of Alaska Department of Revenue raised its position in iRobot by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 9,368 shares of the industrial products company’s stock valued at $1,102,000 after purchasing an additional 115 shares in the last quarter. Eaton Vance Management raised its position in iRobot by 5.4% during the 4th quarter. Eaton Vance Management now owns 3,508 shares of the industrial products company’s stock valued at $294,000 after purchasing an additional 179 shares in the last quarter. Juncture Wealth Strategies LLC raised its position in iRobot by 3.7% during the 1st quarter. Juncture Wealth Strategies LLC now owns 5,852 shares of the industrial products company’s stock valued at $689,000 after purchasing an additional 207 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its position in iRobot by 4.4% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 6,575 shares of the industrial products company’s stock valued at $551,000 after purchasing an additional 277 shares in the last quarter. 97.16% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Colin M. Angle sold 16,272 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $122.65, for a total transaction of $1,995,760.80. Following the transaction, the chief executive officer now directly owns 449,629 shares in the company, valued at approximately $55,146,996.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Russell J. Campanello sold 7,993 shares of the business’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $101.00, for a total value of $807,293.00. Following the transaction, the executive vice president now owns 35,750 shares in the company, valued at $3,610,750. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,890 shares of company stock worth $12,127,939. 3.51% of the stock is owned by company insiders.
IRBT opened at $129.68 on Wednesday. The firm has a market capitalization of $3.58 billion, a PE ratio of 29.74, a P/E/G ratio of 2.01 and a beta of 1.73. iRobot Co. has a 12 month low of $56.61 and a 12 month high of $132.88.
iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Wednesday, February 6th. The industrial products company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.33. The firm had revenue of $384.67 million during the quarter, compared to analyst estimates of $381.87 million. iRobot had a return on equity of 17.14% and a net margin of 8.05%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS. On average, research analysts anticipate that iRobot Co. will post 3.1 earnings per share for the current year.
Several research analysts have recently commented on IRBT shares. Zacks Investment Research raised iRobot from a “hold” rating to a “strong-buy” rating and set a $87.00 price target for the company in a research report on Monday, December 31st. Northland Securities reissued a “buy” rating and issued a $130.00 price target on shares of iRobot in a research report on Tuesday, April 9th. ValuEngine raised iRobot from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Dougherty & Co lowered iRobot to a “hold” rating in a research report on Thursday, December 20th. Finally, BidaskClub raised iRobot from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 14th. Eight investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $105.70.
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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 stairs.
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