Flinton Capital Management LLC Has $212,000 Holdings in iRobot Corporation (IRBT)
Flinton Capital Management LLC raised its holdings in iRobot Corporation (NASDAQ:IRBT) by 60.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,520 shares of the industrial products company’s stock after purchasing an additional 952 shares during the quarter. Flinton Capital Management LLC’s holdings in iRobot Corporation were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. boosted its holdings in iRobot Corporation by 13.6% in the 2nd quarter. BlackRock Inc. now owns 3,751,472 shares of the industrial products company’s stock valued at $315,648,000 after purchasing an additional 448,157 shares in the last quarter. Vanguard Group Inc. boosted its holdings in iRobot Corporation by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,241,921 shares of the industrial products company’s stock valued at $272,776,000 after purchasing an additional 277,161 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in iRobot Corporation by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 948,086 shares of the industrial products company’s stock valued at $62,706,000 after purchasing an additional 56,545 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of iRobot Corporation by 12.9% during the 2nd quarter. Baillie Gifford & Co. now owns 746,771 shares of the industrial products company’s stock valued at $62,834,000 after acquiring an additional 85,124 shares during the period. Finally, State Street Corp lifted its position in shares of iRobot Corporation by 8.1% during the 1st quarter. State Street Corp now owns 637,260 shares of the industrial products company’s stock valued at $42,149,000 after acquiring an additional 47,583 shares during the period. 82.72% of the stock is currently owned by institutional investors.
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A number of equities research analysts have recently issued reports 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. SprucePoint Capital reiterated a “sell” rating on shares of iRobot Corporation in a research report on Thursday, September 14th. Dougherty & Co downgraded shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 3rd. Zacks Investment Research upgraded shares of iRobot Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 price target for the company in a research report on Friday, July 28th. Finally, Piper Jaffray Companies lifted their price target on shares of iRobot Corporation to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $73.63.
In related news, EVP Glen Daniel Weinstein sold 11,375 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $105.02, for a total transaction of $1,194,602.50. Following the completion of the sale, the executive vice president now directly owns 80,458 shares in the company, valued at $8,449,699.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Alison Dean sold 17,646 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 82,080 shares of the company’s stock, valued at $7,387,200. The disclosure for this sale can be found here. Insiders have sold 89,769 shares of company stock valued at $8,878,529 over the last 90 days. 4.49% of the stock is currently owned by insiders.
Shares of iRobot Corporation (NASDAQ IRBT) opened at 76.62 on Friday. The firm has a market capitalization of $2.12 billion, a P/E ratio of 37.58 and a beta of 1.18. iRobot Corporation has a 52-week low of $43.65 and a 52-week high of $109.78. The stock’s 50 day moving average is $84.03 and its 200-day moving average is $87.57.
iRobot Corporation (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.55. The business had revenue of $183.14 million during the quarter, compared to analysts’ expectations of $174.65 million. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The business’s revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. On average, equities analysts forecast that iRobot Corporation will post $1.58 earnings per share for the current fiscal year.
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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