Bank of Montreal Can reduced its stake in shares of iRobot Corporation (NASDAQ:IRBT) by 57.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 16,990 shares of the industrial products company’s stock after selling 22,506 shares during the period. Bank of Montreal Can owned approximately 0.06% of iRobot Corporation worth $1,429,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of iRobot Corporation by 124,694.7% in the first quarter. BlackRock Inc. now owns 3,303,315 shares of the industrial products company’s stock valued at $218,483,000 after buying an additional 3,300,668 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of iRobot Corporation by 27.4% in the first quarter. Vanguard Group Inc. now owns 2,964,760 shares of the industrial products company’s stock valued at $196,089,000 after buying an additional 637,890 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in shares of iRobot Corporation by 101.7% in the first quarter. Pictet Asset Management Ltd. now owns 932,876 shares of the industrial products company’s stock valued at $61,700,000 after buying an additional 470,347 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of iRobot Corporation by 204.0% in the first quarter. Wellington Management Group LLP now owns 426,986 shares of the industrial products company’s stock valued at $28,241,000 after buying an additional 286,510 shares during the last quarter. Finally, Rothschild Asset Management Inc. bought a new position in shares of iRobot Corporation during the first quarter valued at about $16,374,000. Institutional investors and hedge funds own 84.09% of the company’s stock.
iRobot Corporation (NASDAQ IRBT) traded down 0.62% during mid-day trading on Thursday, reaching $101.74. 153,352 shares of the company traded hands. The stock has a market capitalization of $2.82 billion, a PE ratio of 49.90 and a beta of 1.18. The firm’s 50-day moving average is $94.04 and its 200 day moving average is $79.53. iRobot Corporation has a 52-week low of $38.19 and a 52-week high of $109.78.
iRobot Corporation (NASDAQ:IRBT) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.27 EPS for the quarter, topping the consensus estimate of ($0.28) by $0.55. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The firm had revenue of $183.14 million for the quarter, compared to analysts’ expectations of $174.65 million. During the same period in the previous year, the business earned $0.17 earnings per share. iRobot Corporation’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, equities research analysts expect that iRobot Corporation will post $2.00 earnings per share for the current year.
Several analysts recently commented on IRBT shares. BidaskClub downgraded shares of iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research downgraded shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Needham & Company LLC reiterated a “hold” rating on shares of iRobot Corporation in a research report on Saturday, April 22nd. Canaccord Genuity reiterated a “buy” rating and issued a $90.00 price target on shares of iRobot Corporation in a research report on Wednesday, April 26th. Finally, Dougherty & Co downgraded shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $73.63.
In other iRobot Corporation news, EVP Russell J. Campanello sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $85.00, for a total value of $850,000.00. Following the sale, the executive vice president now directly owns 82,434 shares in the company, valued at $7,006,890. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Alison Dean sold 17,646 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $90.00, for a total transaction of $1,588,140.00. Following the completion of the sale, the chief financial officer now owns 82,080 shares in the company, valued at $7,387,200. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,721 shares of company stock worth $14,483,004. 4.49% of the stock is owned by company insiders.
iRobot Corporation Company Profile
iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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