Rothschild & Co. Asset Management US Inc. Has $28.44 Million Holdings in iRobot Co. (IRBT)

Rothschild & Co. Asset Management US Inc. lessened its stake in iRobot Co. (NASDAQ:IRBT) by 11.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 258,687 shares of the industrial products company’s stock after selling 33,137 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in iRobot were worth $28,435,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IRBT. FMR LLC boosted its holdings in iRobot by 509.3% in the 2nd quarter. FMR LLC now owns 2,105,907 shares of the industrial products company’s stock worth $159,565,000 after acquiring an additional 1,760,300 shares during the period. Columbus Circle Investors purchased a new position in iRobot in the 3rd quarter worth approximately $22,893,000. Voya Investment Management LLC boosted its holdings in iRobot by 34.8% in the 2nd quarter. Voya Investment Management LLC now owns 617,148 shares of the industrial products company’s stock worth $46,761,000 after acquiring an additional 159,478 shares during the period. Gilder Gagnon Howe & Co. LLC purchased a new position in iRobot in the 2nd quarter worth approximately $6,927,000. Finally, Global X Management Co LLC boosted its holdings in iRobot by 17.1% in the 2nd quarter. Global X Management Co LLC now owns 572,553 shares of the industrial products company’s stock worth $43,382,000 after acquiring an additional 83,575 shares during the period.

iRobot stock opened at $91.91 on Monday. The company has a market cap of $2.54 billion, a PE ratio of 51.93, a price-to-earnings-growth ratio of 1.63 and a beta of 1.73. iRobot Co. has a 52 week low of $55.77 and a 52 week high of $118.75.

iRobot (NASDAQ:IRBT) last released its earnings results on Tuesday, October 23rd. The industrial products company reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.64. The company had revenue of $264.50 million during the quarter, compared to analysts’ expectations of $245.12 million. iRobot had a return on equity of 15.95% and a net margin of 6.52%. The business’s revenue was up 28.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. As a group, sell-side analysts anticipate that iRobot Co. will post 2.68 earnings per share for the current year.

A number of equities analysts have weighed in on the company. Canaccord Genuity assumed coverage on iRobot in a report on Monday, November 5th. They issued a “buy” rating and a $115.00 price target for the company. BidaskClub upgraded iRobot from a “hold” rating to a “buy” rating in a report on Monday, November 5th. Zacks Investment Research cut iRobot from a “buy” rating to a “hold” rating in a report on Monday, October 29th. Needham & Company LLC upgraded iRobot from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a report on Wednesday, October 24th. Finally, Piper Jaffray Companies decreased their price target on iRobot to $82.00 and set a “neutral” rating for the company in a report on Wednesday, October 24th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $86.67.

In related news, EVP Glen Daniel Weinstein sold 4,272 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $104.16, for a total transaction of $444,971.52. Following the sale, the executive vice president now directly owns 59,445 shares of the company’s stock, valued at approximately $6,191,791.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mohamad Ali sold 743 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $111.10, for a total value of $82,547.30. Following the sale, the director now directly owns 12,289 shares in the company, valued at $1,365,307.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,643 shares of company stock valued at $15,221,310. Company insiders own 3.51% of the company’s stock.

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iRobot Company 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 stair.

Further Reading: Treasury Bonds

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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