Front Row Advisors LLC cut its holdings in shares of iRobot Co. (NASDAQ:IRBT) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,410 shares of the industrial products company’s stock after selling 590 shares during the quarter. iRobot comprises 1.3% of Front Row Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Front Row Advisors LLC’s holdings in iRobot were worth $1,696,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of IRBT. Bank of Montreal Can increased its position in shares of iRobot by 25.2% during the fourth quarter. Bank of Montreal Can now owns 1,852 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 373 shares during the last quarter. Rhumbline Advisers increased its position in shares of iRobot by 21.7% during the fourth quarter. Rhumbline Advisers now owns 79,103 shares of the industrial products company’s stock valued at $6,624,000 after acquiring an additional 14,121 shares during the last quarter. SG Americas Securities LLC increased its position in shares of iRobot by 7.5% during the fourth quarter. SG Americas Securities LLC now owns 7,220 shares of the industrial products company’s stock valued at $605,000 after acquiring an additional 506 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of iRobot by 32.1% during the fourth quarter. LS Investment Advisors LLC now owns 2,436 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 592 shares during the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new stake in shares of iRobot during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.
In other iRobot news, CEO Colin M. Angle sold 11,486 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $87.07, for a total transaction of $1,000,086.02. Following the completion of the transaction, the chief executive officer now directly owns 402,368 shares of the company’s stock, valued at $35,034,181.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Christian Cerda sold 2,468 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $120.00, for a total value of $296,160.00. Following the transaction, the chief operating officer now directly owns 35,716 shares of the company’s stock, valued at $4,285,920. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,241 shares of company stock valued at $3,742,266. 3.01% of the stock is owned by corporate insiders.
Shares of NASDAQ IRBT opened at $88.50 on Monday. iRobot Co. has a 1-year low of $70.86 and a 1-year high of $132.88. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.37 and a beta of 1.69. 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 announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.16. iRobot had a return on equity of 17.64% and a net margin of 8.09%. The business had revenue of $237.66 million during the quarter, compared to analyst estimates of $251.40 million. During the same period in the prior year, the company earned $0.71 earnings per share. iRobot’s revenue was up 9.5% compared to the same quarter last year. Analysts anticipate that iRobot Co. will post 3.16 earnings per share for the current year.
A number of analysts recently commented on IRBT shares. Canaccord Genuity downgraded iRobot from a “buy” rating to a “hold” rating and decreased their price target for the company from $115.00 to $114.00 in a research report on Tuesday, February 19th. They noted that the move was a valuation call. Sidoti downgraded iRobot from a “buy” rating to a “neutral” rating and set a $118.00 price target for the company. in a research report on Thursday, February 21st. They noted that the move was a valuation call. Needham & Company LLC downgraded iRobot from a “buy” rating to a “hold” rating and set a $126.87 price target for the company. in a research report on Tuesday, March 19th. They noted that the move was a valuation call. Northland Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of iRobot in a research report on Tuesday, April 9th. Finally, Zacks Investment Research lowered iRobot from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. Eight equities research 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. iRobot presently has a consensus rating of “Hold” and an average target price of $114.12.
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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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