Quantitative Investment Management LLC acquired a new stake in iRobot Co. (NASDAQ:IRBT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 63,200 shares of the industrial products company’s stock, valued at approximately $4,847,000. Quantitative Investment Management LLC owned 0.23% of iRobot at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado bought a new stake in iRobot during the 4th quarter worth approximately $152,000. Flagship Harbor Advisors LLC bought a new stake in iRobot during the 4th quarter worth approximately $236,000. Raymond James Financial Services Advisors Inc. bought a new stake in iRobot during the 4th quarter worth approximately $226,000. Kovack Advisors Inc. bought a new stake in iRobot during the 4th quarter worth approximately $246,000. Finally, Trexquant Investment LP bought a new stake in iRobot during the 3rd quarter worth approximately $287,000. Institutional investors own 89.32% of the company’s stock.
In other iRobot news, CEO Colin M. Angle sold 45,200 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 534,663 shares of the company’s stock, valued at approximately $42,805,119.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrew Miller sold 441 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total value of $35,328.51. Following the transaction, the director now directly owns 4,670 shares in the company, valued at approximately $374,113.70. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by corporate insiders.
iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.29. iRobot had a return on equity of 12.62% and a net margin of 5.77%. The firm had revenue of $327.00 million for the quarter, compared to the consensus estimate of $319.02 million. During the same quarter in the prior year, the business earned $0.45 EPS. The business’s revenue for the quarter was up 53.9% compared to the same quarter last year. equities research analysts predict that iRobot Co. will post 2.3 earnings per share for the current year.
iRobot declared that its board has initiated a stock repurchase program on Tuesday, February 27th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
IRBT has been the topic of a number of research analyst reports. Citigroup initiated coverage on iRobot in a research report on Monday, December 4th. They set a “neutral” rating and a $74.00 price target on the stock. BidaskClub upgraded iRobot from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Sidoti lowered iRobot from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Piper Jaffray Companies restated a “neutral” rating on shares of iRobot in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. upgraded iRobot from an “underweight” rating to a “neutral” rating and set a $61.00 price target on the stock in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. iRobot currently has an average rating of “Hold” and an average target price of $68.80.
COPYRIGHT VIOLATION WARNING: “Quantitative Investment Management LLC Takes Position in iRobot Co. (IRBT)” was posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/03/14/quantitative-investment-management-llc-takes-position-in-irobot-co-irbt.html.
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.
Receive News & Ratings for iRobot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot and related companies with MarketBeat.com's FREE daily email newsletter.