iRobot Corporation (IRBT) Holdings Increased by Baillie Gifford & Co.
Baillie Gifford & Co. boosted its position in iRobot Corporation (NASDAQ:IRBT) by 12.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 746,771 shares of the industrial products company’s stock after acquiring an additional 85,124 shares during the period. Baillie Gifford & Co. owned about 2.71% of iRobot Corporation worth $62,834,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning grew its stake in iRobot Corporation by 14.0% in the 2nd quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 162 shares during the period. NEXT Financial Group Inc grew its stake in iRobot Corporation by 6.2% in the 2nd quarter. NEXT Financial Group Inc now owns 1,890 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 110 shares during the period. PNC Financial Services Group Inc. grew its stake in iRobot Corporation by 16.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 277 shares during the period. IFP Advisors Inc grew its stake in iRobot Corporation by 15.4% in the 2nd quarter. IFP Advisors Inc now owns 2,064 shares of the industrial products company’s stock worth $174,000 after acquiring an additional 275 shares during the period. Finally, Strs Ohio purchased a new stake in iRobot Corporation in the 2nd quarter worth approximately $185,000. 82.73% of the stock is owned by hedge funds and other institutional investors.
IRBT has been the subject of several recent analyst reports. Canaccord Genuity cut shares of iRobot Corporation from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research note on Wednesday, May 31st. They noted that the move was a valuation call. 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. Dougherty & Co cut shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 3rd. BidaskClub cut shares of iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Piper Jaffray Companies boosted their price objective on shares of iRobot Corporation to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.63.
In other iRobot Corporation news, Director Deborah G. Ellinger sold 7,082 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $105.21, for a total value of $745,097.22. Following the completion of the sale, the director now owns 17,858 shares in the company, valued at approximately $1,878,840.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald Chwang sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $92.71, for a total transaction of $927,100.00. Following the completion of the sale, the director now owns 12,630 shares of the company’s stock, valued at approximately $1,170,927.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,138 shares of company stock valued at $6,861,839. Insiders own 4.49% of the company’s stock.
Shares of iRobot Corporation (IRBT) traded down 1.43% during mid-day trading on Friday, hitting $95.17. 458,635 shares of the stock traded hands. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 46.67 and a beta of 1.18. The stock has a 50-day moving average of $98.44 and a 200-day moving average of $83.49. iRobot Corporation has a 52 week low of $38.19 and a 52 week high of $109.78.
iRobot Corporation (NASDAQ:IRBT) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.55. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The company had revenue of $183.14 million during the quarter, compared to the consensus estimate of $174.65 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The company’s revenue was up 23.2% compared to the same quarter last year. Analysts anticipate that iRobot Corporation will post $1.58 EPS for the current year.
iRobot Corporation 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.
Want to see what other hedge funds are holding IRBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iRobot Corporation (NASDAQ:IRBT).
Receive News & Stock Ratings for iRobot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot Corporation and related stocks with our FREE daily email newsletter.