Lyell Wealth Management LP maintained its position in iRobot Corporation (NASDAQ:IRBT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the industrial products company’s stock at the end of the second quarter. Lyell Wealth Management LP’s holdings in iRobot Corporation were worth $337,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Rothschild Asset Management Inc. boosted its position in shares of iRobot Corporation by 7.9% in the second quarter. Rothschild Asset Management Inc. now owns 267,242 shares of the industrial products company’s stock valued at $22,486,000 after buying an additional 19,671 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of iRobot Corporation by 4.1% in the second quarter. Great West Life Assurance Co. Can now owns 39,600 shares of the industrial products company’s stock valued at $3,331,000 after buying an additional 1,550 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of iRobot Corporation by 4.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,480 shares of the industrial products company’s stock valued at $545,000 after buying an additional 300 shares in the last quarter. Strs Ohio acquired a new position in shares of iRobot Corporation during the second quarter valued at about $185,000. Finally, ING Groep NV acquired a new position in shares of iRobot Corporation during the second quarter valued at about $488,000. 86.04% of the stock is currently owned by hedge funds and other institutional investors.
iRobot Corporation (IRBT) traded up 1.34% during mid-day trading on Friday, hitting $102.23. 470,255 shares of the company traded hands. iRobot Corporation has a one year low of $38.19 and a one year high of $109.78. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 50.14 and a beta of 1.18. The company’s 50-day moving average price is $93.54 and its 200 day moving average price is $78.52.
iRobot Corporation (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 EPS for the quarter, beating the consensus estimate of ($0.28) by $0.55. The company had revenue of $183.14 million during the quarter, compared to the consensus estimate of $174.65 million. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. On average, analysts anticipate that iRobot Corporation will post $2.00 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on IRBT shares. BidaskClub cut shares of iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research cut shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Needham & Company LLC reissued a “hold” rating on shares of iRobot Corporation in a research report on Saturday, April 22nd. Canaccord Genuity reissued a “buy” rating and issued a $90.00 target price on shares of iRobot Corporation in a research report on Wednesday, April 26th. Finally, Dougherty & Co downgraded shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $73.63.
In other iRobot Corporation news, EVP Glen Daniel Weinstein sold 10,462 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $98.61, for a total transaction of $1,031,657.82. Following the completion of the sale, the executive vice president now owns 75,308 shares of the company’s stock, valued at approximately $7,426,121.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alison Dean sold 17,646 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $90.00, for a total value of $1,588,140.00. Following the sale, the chief financial officer now directly owns 82,080 shares of the company’s stock, valued at approximately $7,387,200. The disclosure for this sale can be found here. Insiders have sold a total of 147,721 shares of company stock valued at $14,483,004 in the last ninety days. Insiders own 4.49% of the company’s stock.
About iRobot Corporation
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.
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