iRobot Co. (IRBT) Position Trimmed by Scout Investments Inc.

Scout Investments Inc. trimmed its position in shares of iRobot Co. (NASDAQ:IRBT) by 23.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,483 shares of the industrial products company’s stock after selling 12,807 shares during the period. Scout Investments Inc. owned 0.15% of iRobot worth $4,882,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. North Star Investment Management Corp. acquired a new position in shares of iRobot in the fourth quarter valued at $25,000. Capital Investment Advisory Services LLC bought a new position in shares of iRobot in the fourth quarter worth about $39,000. Bruderman Asset Management LLC bought a new position in shares of iRobot in the fourth quarter worth about $58,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of iRobot by 16.7% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 700 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 100 shares during the last quarter. Finally, Optimum Investment Advisors lifted its holdings in shares of iRobot by 225.0% in the fourth quarter. Optimum Investment Advisors now owns 1,000 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.

Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded iRobot from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Northland Securities reaffirmed a “buy” rating and issued a $130.00 price objective on shares of iRobot in a research note on Tuesday, April 9th. Needham & Company LLC downgraded iRobot from a “buy” rating to a “hold” rating and set a $126.87 price objective for the company. in a research note on Tuesday, March 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 objective for the company. in a research note on Thursday, February 21st. They noted that the move was a valuation call. Finally, Canaccord Genuity downgraded iRobot from a “buy” rating to a “hold” rating and lowered their price objective for the company from $115.00 to $114.00 in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $105.70.

In other news, Director Michelle Stacy sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $114.00, for a total transaction of $171,000.00. Following the completion of the sale, the director now owns 9,652 shares of the company’s stock, valued at approximately $1,100,328. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Russell J. Campanello sold 7,993 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $101.00, for a total transaction of $807,293.00. Following the sale, the executive vice president now directly owns 35,750 shares of the company’s stock, valued at approximately $3,610,750. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,890 shares of company stock valued at $12,127,939. Insiders own 3.51% of the company’s stock.

NASDAQ:IRBT opened at $127.53 on Tuesday. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.01 and a beta of 1.74. iRobot Co. has a fifty-two week low of $56.61 and a fifty-two week high of $132.88.

iRobot (NASDAQ:IRBT) last released its earnings results on Wednesday, February 6th. The industrial products company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.33. The business had revenue of $384.67 million during the quarter, compared to the consensus estimate of $381.87 million. iRobot had a net margin of 8.05% and a return on equity of 17.14%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. Equities research analysts forecast that iRobot Co. will post 3.1 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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