Nationwide Fund Advisors Acquires 1,760 Shares of iRobot Corporation (IRBT)
Nationwide Fund Advisors grew its holdings in iRobot Corporation (NASDAQ:IRBT) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,275 shares of the industrial products company’s stock after purchasing an additional 1,760 shares during the quarter. Nationwide Fund Advisors owned approximately 0.28% of iRobot worth $6,032,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. BlackRock Inc. grew its position in iRobot by 13.6% during the 2nd quarter. BlackRock Inc. now owns 3,751,472 shares of the industrial products company’s stock worth $315,648,000 after purchasing an additional 448,157 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of iRobot by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,241,921 shares of the industrial products company’s stock valued at $272,776,000 after acquiring an additional 277,161 shares during the last quarter. State Street Corp boosted its holdings in shares of iRobot by 46.1% in the 2nd quarter. State Street Corp now owns 931,248 shares of the industrial products company’s stock valued at $78,353,000 after acquiring an additional 293,988 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in shares of iRobot by 12.9% in the 2nd quarter. Baillie Gifford & Co. now owns 746,771 shares of the industrial products company’s stock valued at $62,834,000 after acquiring an additional 85,124 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of iRobot by 7.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 546,907 shares of the industrial products company’s stock valued at $46,017,000 after acquiring an additional 37,810 shares during the last quarter. Institutional investors and hedge funds own 82.25% of the company’s stock.
Several research firms have recently commented on IRBT. BidaskClub downgraded shares of iRobot from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. SprucePoint Capital reissued a “sell” rating on shares of iRobot in a report on Thursday, September 14th. Zacks Investment Research raised shares of iRobot from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, October 17th. Piper Jaffray Companies lowered their price target on shares of iRobot to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. Finally, Citigroup began coverage on shares of iRobot in a report on Monday, December 4th. They set a “neutral” rating and a $74.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $70.75.
iRobot (NASDAQ:IRBT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.16. The business had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $204.52 million. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share. research analysts forecast that iRobot Corporation will post 1.85 EPS for the current fiscal year.
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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