Charles Schwab Investment Management Inc. trimmed its stake in iRobot Co. (NASDAQ:IRBT) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 238,759 shares of the industrial products company’s stock after selling 423 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.85% of iRobot worth $19,170,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in iRobot in the third quarter worth $34,000. Hudock Inc. grew its holdings in iRobot by 5,146.2% in the fourth quarter. Hudock Inc. now owns 682 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 669 shares during the period. Veriti Management LLC acquired a new stake in iRobot in the fourth quarter worth $73,000. Advisory Services Network LLC grew its holdings in iRobot by 276.0% in the fourth quarter. Advisory Services Network LLC now owns 1,568 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 1,151 shares during the period. Finally, KBC Group NV acquired a new stake in iRobot in the fourth quarter worth $134,000. Institutional investors and hedge funds own 99.40% of the company’s stock.
A number of research analysts have weighed in on IRBT shares. Citigroup raised their price objective on shares of iRobot from $95.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, February 12th. Raymond James lowered shares of iRobot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 25th. JPMorgan Chase & Co. raised shares of iRobot from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $101.00 to $166.00 in a research note on Thursday, February 11th. Northland Securities raised their price objective on shares of iRobot from $120.00 to $140.00 in a research note on Friday, February 12th. Finally, Zacks Investment Research raised shares of iRobot from a “hold” rating to a “strong-buy” rating and set a $140.00 price objective on the stock in a research note on Thursday, February 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $113.63.
iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, February 9th. The industrial products company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.53. iRobot had a net margin of 11.72% and a return on equity of 13.69%. The company had revenue of $544.83 million for the quarter, compared to analyst estimates of $494.07 million. During the same period last year, the firm earned $0.70 earnings per share. The firm’s revenue was up 27.7% on a year-over-year basis. As a group, analysts predict that iRobot Co. will post 2.71 earnings per share for the current year.
In other iRobot news, Director Elisha W. Finney sold 480 shares of iRobot stock in a transaction dated Friday, March 12th. The shares were sold at an average price of $120.00, for a total value of $57,600.00. Following the sale, the director now owns 7,796 shares of the company’s stock, valued at $935,520. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Colin M. Angle sold 11,375 shares of iRobot stock in a transaction dated Wednesday, January 13th. The stock was sold at an average price of $87.92, for a total transaction of $1,000,090.00. Following the completion of the sale, the chief executive officer now directly owns 346,114 shares in the company, valued at approximately $30,430,342.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,116 shares of company stock worth $7,075,921. Insiders own 2.91% of the company’s stock.
iRobot Company Profile
iRobot Corporation designs, builds, and sells robots in the United States, Europe, the Middle East, Africa, Japan, and internationally. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Root robots to help children learn how to code. The company sells its products through distributor and retail sales channels, as well as through online stores and resellers.
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