Federated Investors Inc. PA Raises Stake in iRobot Co. (IRBT)

Federated Investors Inc. PA boosted its position in iRobot Co. (NASDAQ:IRBT) by 31,995.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,838 shares of the company’s stock after buying an additional 12,798 shares during the period. Federated Investors Inc. PA’s holdings in iRobot were worth $751,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Neuberger Berman Group LLC boosted its stake in shares of iRobot by 1.6% in the third quarter. Neuberger Berman Group LLC now owns 309,322 shares of the company’s stock worth $13,604,000 after buying an additional 4,892 shares during the last quarter. Aperio Group LLC boosted its stake in shares of iRobot by 3.9% in the third quarter. Aperio Group LLC now owns 6,714 shares of the company’s stock worth $295,000 after buying an additional 250 shares during the last quarter. Quantitative Investment Management LLC boosted its stake in shares of iRobot by 16.5% in the third quarter. Quantitative Investment Management LLC now owns 25,400 shares of the company’s stock worth $1,117,000 after buying an additional 3,600 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of iRobot during the third quarter worth about $2,199,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of iRobot during the third quarter worth about $682,000. Institutional investors and hedge funds own 79.37% of the company’s stock.

Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

Shares of iRobot Co. (NASDAQ:IRBT) opened at 60.23 on Tuesday. The stock’s 50 day moving average price is $57.96 and its 200-day moving average price is $52.71. The stock has a market cap of $1.64 billion, a PE ratio of 40.70 and a beta of 1.15. iRobot Co. has a one year low of $33.20 and a one year high of $63.99.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Wednesday, February 8th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.41 by $0.08. The firm earned $212.50 million during the quarter, compared to analyst estimates of $205.97 million. iRobot had a return on equity of 11.14% and a net margin of 6.35%. iRobot’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. On average, equities analysts predict that iRobot Co. will post $1.55 earnings per share for the current fiscal year.

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A number of brokerages have recently issued reports on IRBT. Needham & Company LLC cut iRobot from a “buy” rating to a “hold” rating in a report on Tuesday, January 31st. Zacks Investment Research cut iRobot from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 24th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $68.00 target price on shares of iRobot in a report on Friday, February 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $57.71.

In other news, CEO Colin M. Angle sold 9,857 shares of the company’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $63.41, for a total value of $625,032.37. Following the completion of the sale, the chief executive officer now directly owns 482,601 shares in the company, valued at approximately $30,601,729.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.53% of the company’s stock.

iRobot Company 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.

5 Day Chart for NASDAQ:IRBT

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