Scout Investments Inc. Trims Stake in iRobot Corporation (IRBT)
Scout Investments Inc. trimmed its holdings in iRobot Corporation (NASDAQ:IRBT) by 10.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 63,450 shares of the industrial products company’s stock after selling 7,400 shares during the period. Scout Investments Inc. owned 229,309.72% of iRobot Corporation worth $4,889,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Creative Planning raised its holdings in shares of iRobot Corporation by 14.0% in the second quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock valued at $111,000 after buying an additional 162 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in shares of iRobot Corporation by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock valued at $140,000 after buying an additional 665 shares during the last quarter. FNY Partners Fund LP purchased a new stake in shares of iRobot Corporation in the second quarter valued at about $143,000. NEXT Financial Group Inc increased its stake in shares of iRobot Corporation by 6.2% during the second quarter. NEXT Financial Group Inc now owns 1,890 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 110 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of iRobot Corporation by 16.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 277 shares during the period. 81.31% of the stock is owned by institutional investors and hedge funds.
In other iRobot Corporation news, CFO Alison Dean sold 33,809 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total transaction of $3,380,900.00. Following the transaction, the chief financial officer now directly owns 82,609 shares in the company, valued at $8,260,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald Chwang sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $92.71, for a total transaction of $927,100.00. Following the transaction, the director now owns 12,630 shares in the company, valued at $1,170,927.30. The disclosure for this sale can be found here. Insiders have sold 44,537 shares of company stock worth $4,380,800 over the last 90 days. 4.49% of the stock is currently owned by company insiders.
iRobot Corporation (IRBT) opened at $68.80 on Friday. iRobot Corporation has a 1 year low of $51.80 and a 1 year high of $109.78. The firm has a market cap of $1,917.80, a PE ratio of 36.60, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00.
iRobot Corporation (NASDAQ:IRBT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.16. iRobot Corporation had a net margin of 7.80% and a return on equity of 12.79%. The company had revenue of $205.40 million for the quarter, compared to analyst estimates of $204.52 million. During the same period in the prior year, the business posted $0.70 earnings per share. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. research analysts forecast that iRobot Corporation will post 1.84 EPS for the current fiscal year.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 31st. Canaccord Genuity boosted their price target on shares of iRobot Corporation from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, July 27th. BidaskClub upgraded shares of iRobot Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies boosted their price target on shares of iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Finally, SprucePoint Capital reiterated a “sell” rating on shares of iRobot Corporation in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $65.67.
iRobot Corporation 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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