Truvestments Capital LLC Boosts Stock Position in iRobot Co. (NASDAQ:IRBT)

Truvestments Capital LLC increased its stake in iRobot Co. (NASDAQ:IRBT) by 712.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,397 shares of the industrial products company’s stock after buying an additional 1,225 shares during the period. Truvestments Capital LLC’s holdings in iRobot were worth $86,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its holdings in shares of iRobot by 36.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 76,824 shares of the industrial products company’s stock valued at $9,041,000 after buying an additional 20,664 shares during the period. GAM Holding AG purchased a new stake in iRobot during the first quarter worth approximately $427,000. Mission Wealth Management LP purchased a new stake in iRobot during the first quarter worth approximately $310,000. Redhawk Wealth Advisors Inc. purchased a new stake in iRobot during the first quarter worth approximately $436,000. Finally, Advisory Services Network LLC grew its stake in iRobot by 97.2% during the first quarter. Advisory Services Network LLC now owns 2,069 shares of the industrial products company’s stock worth $244,000 after buying an additional 1,020 shares during the period.

Several equities research analysts have issued reports on IRBT shares. TheStreet downgraded shares of iRobot from a “b-” rating to a “c+” rating in a research note on Friday, October 4th. BidaskClub downgraded shares of iRobot from a “hold” rating to a “sell” rating in a research note on Wednesday. Piper Jaffray Companies reiterated a “neutral” rating and set a $64.00 price objective (down from $75.00) on shares of iRobot in a research note on Friday, October 4th. ValuEngine upgraded shares of iRobot from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Bank of America started coverage on shares of iRobot in a research note on Friday, September 27th. They set a “buy” rating and a $70.00 price objective for the company. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. iRobot presently has a consensus rating of “Hold” and an average target price of $90.43.

In other iRobot news, Director Mohamad Ali sold 780 shares of iRobot stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $61.11, for a total transaction of $47,665.80. Following the completion of the transaction, the director now directly owns 12,634 shares of the company’s stock, valued at $772,063.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.01% of the stock is currently owned by company insiders.

IRBT stock traded up $1.38 during midday trading on Friday, hitting $56.63. 221,137 shares of the company traded hands, compared to its average volume of 952,092. iRobot Co. has a twelve month low of $51.11 and a twelve month high of $132.88. The company has a quick ratio of 1.90, a current ratio of 3.15 and a debt-to-equity ratio of 0.10. The business has a 50 day simple moving average of $61.22 and a 200-day simple moving average of $86.34. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.40 and a beta of 1.59.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.22. iRobot had a net margin of 7.57% and a return on equity of 16.06%. The business had revenue of $260.17 million for the quarter, compared to the consensus estimate of $267.96 million. During the same quarter last year, the company posted $0.37 earnings per share. iRobot’s quarterly revenue was up 15.0% on a year-over-year basis. Equities research analysts forecast that iRobot Co. will post 2.68 EPS for the current year.

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.

Further Reading: What is the Book Value of a Share?

Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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