Virginia Retirement Systems ET AL Lowers Position in iRobot Co. (NASDAQ:IRBT)

Virginia Retirement Systems ET AL cut its stake in shares of iRobot Co. (NASDAQ:IRBT) by 39.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,000 shares of the industrial products company’s stock after selling 5,300 shares during the period. Virginia Retirement Systems ET AL’s holdings in iRobot were worth $616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in iRobot by 13.6% during the second quarter. BlackRock Inc. now owns 3,751,472 shares of the industrial products company’s stock valued at $315,648,000 after purchasing an additional 448,157 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of iRobot by 9.3% in the second 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 in the last quarter. State Street Corp lifted its position in shares of iRobot by 46.1% in the second 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 in the last quarter. Baillie Gifford & Co. lifted its position in shares of iRobot by 12.9% in the second 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of iRobot by 7.4% in the second 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 in the last quarter. Institutional investors own 82.16% of the company’s stock.

In other iRobot news, CEO Colin M. Angle sold 45,200 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $80.06, for a total transaction of $3,618,712.00. Following the completion of the transaction, the chief executive officer now owns 534,663 shares in the company, valued at $42,805,119.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Miller sold 441 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $80.11, for a total value of $35,328.51. Following the transaction, the director now owns 4,670 shares of the company’s stock, valued at approximately $374,113.70. The disclosure for this sale can be found here. Insiders own 4.49% of the company’s stock.

Several equities analysts have recently commented on IRBT shares. Dougherty & Co restated a “neutral” rating on shares of iRobot in a research report on Thursday, October 26th. Zacks Investment Research upgraded iRobot from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Tuesday, October 24th. Needham & Company LLC restated a “hold” rating on shares of iRobot in a research report on Thursday, October 26th. SprucePoint Capital restated a “sell” rating on shares of iRobot in a research report on Thursday, September 14th. Finally, Sidoti raised iRobot from a “neutral” rating to a “buy” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. iRobot presently has a consensus rating of “Hold” and an average target price of $70.75.

Shares of iRobot Co. (NASDAQ IRBT) traded up $3.40 during mid-day trading on Tuesday, hitting $80.10. The stock had a trading volume of 793,100 shares, compared to its average volume of 959,232. iRobot Co. has a 1 year low of $52.12 and a 1 year high of $109.78. The company has a market capitalization of $2,220.00, a PE ratio of 37.96, a price-to-earnings-growth ratio of 2.07 and a beta of 0.99.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.16. iRobot had a return on equity of 12.79% and a net margin of 7.80%. The company had revenue of $205.40 million for the quarter, compared to analysts’ expectations of $204.52 million. During the same period in the previous year, the firm posted $0.70 earnings per share. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. research analysts expect that iRobot Co. will post 1.85 earnings per share for the current fiscal year.

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About iRobot

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.

Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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