iRobot Co. (IRBT) Stake Boosted by Legal & General Group Plc

Legal & General Group Plc lifted its position in shares of iRobot Co. (NASDAQ:IRBT) by 4.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,961 shares of the industrial products company’s stock after buying an additional 2,474 shares during the quarter. Legal & General Group Plc owned approximately 0.20% of iRobot worth $4,235,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. American International Group Inc. grew its holdings in iRobot by 5.8% during the 3rd quarter. American International Group Inc. now owns 21,104 shares of the industrial products company’s stock valued at $1,626,000 after purchasing an additional 1,163 shares during the last quarter. Rothschild Asset Management Inc. boosted its position in iRobot by 10.0% in the 3rd quarter. Rothschild Asset Management Inc. now owns 293,961 shares of the industrial products company’s stock valued at $22,653,000 after buying an additional 26,719 shares during the period. Cipher Capital LP purchased a new stake in iRobot in the 3rd quarter valued at about $411,000. Ameriprise Financial Inc. boosted its position in iRobot by 2.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 199,328 shares of the industrial products company’s stock valued at $15,360,000 after buying an additional 4,101 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of iRobot by 103.8% in the 3rd quarter. SG Americas Securities LLC now owns 20,104 shares of the industrial products company’s stock worth $1,549,000 after purchasing an additional 10,241 shares during the period. Institutional investors own 82.16% of the company’s stock.

iRobot Co. (IRBT) traded up $4.40 during trading hours on Friday, hitting $87.19. 1,127,190 shares of the stock traded hands, compared to its average volume of 765,456. iRobot Co. has a 12-month low of $52.12 and a 12-month high of $109.78. The stock has a market capitalization of $2,410.00, a P/E ratio of 41.32, a P/E/G ratio of 1.50 and a beta of 0.99.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.16. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The firm had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $204.52 million. During the same period last year, the business earned $0.70 earnings per share. iRobot’s revenue was up 21.8% compared to the same quarter last year. analysts forecast that iRobot Co. will post 1.85 earnings per share for the current year.

Several equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of iRobot from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Citigroup began coverage on shares of iRobot in a research note on Monday, December 4th. They set a “neutral” rating and a $74.00 price target on the stock. Zacks Investment Research lowered shares of iRobot from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Sidoti upgraded shares of iRobot from a “neutral” rating to a “buy” rating in a research note on Friday, October 27th. Finally, Needham & Company LLC reissued a “hold” rating on shares of iRobot in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. iRobot has an average rating of “Hold” and an average price target of $70.75.

In related news, Director Andrew Miller sold 441 shares of iRobot stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $80.11, for a total value of $35,328.51. Following the completion of the transaction, the director now owns 4,670 shares in the company, valued at $374,113.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Colin M. Angle sold 45,200 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $80.06, for a total transaction of $3,618,712.00. Following the sale, the chief executive officer now owns 534,663 shares of the company’s stock, valued at approximately $42,805,119.78. The disclosure for this sale can be found here. Company insiders own 4.49% of the company’s stock.

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iRobot 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.

Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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