Rothschild & Co. Asset Management US Inc. Has $23.80 Million Stock Position in iRobot Co. (NASDAQ:IRBT)

Rothschild & Co. Asset Management US Inc. grew its position in iRobot Co. (NASDAQ:IRBT) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 259,739 shares of the industrial products company’s stock after buying an additional 5,356 shares during the period. Rothschild & Co. Asset Management US Inc. owned approximately 0.93% of iRobot worth $23,802,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Gagnon Securities LLC grew its holdings in shares of iRobot by 177.8% in the 1st quarter. Gagnon Securities LLC now owns 113,289 shares of the industrial products company’s stock valued at $13,333,000 after buying an additional 72,507 shares during the period. James Investment Research Inc. bought a new stake in iRobot in the 1st quarter valued at $643,000. Scout Investments Inc. lifted its position in iRobot by 65.2% in the 2nd quarter. Scout Investments Inc. now owns 68,517 shares of the industrial products company’s stock valued at $6,279,000 after acquiring an additional 27,034 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in iRobot by 3.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,404 shares of the industrial products company’s stock valued at $754,000 after acquiring an additional 185 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in iRobot in the 1st quarter valued at $1,328,000. 97.16% of the stock is owned by institutional investors.

Several equities research analysts recently commented on IRBT shares. ValuEngine cut shares of iRobot from a “hold” rating to a “sell” rating in a research report on Friday, July 26th. Zacks Investment Research cut shares of iRobot from a “hold” rating to a “sell” rating and set a $95.00 price objective on the stock. in a research report on Wednesday, June 26th. BidaskClub cut shares of iRobot from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Piper Jaffray Companies cut their price objective on shares of iRobot from $96.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of iRobot from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $98.73.

In other news, Director Andrew Miller sold 878 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $91.97, for a total transaction of $80,749.66. Following the transaction, the director now directly owns 14,199 shares in the company, valued at approximately $1,305,882.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Colin M. Angle sold 11,486 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $87.07, for a total transaction of $1,000,086.02. Following the transaction, the chief executive officer now owns 402,368 shares in the company, valued at $35,034,181.76. The disclosure for this sale can be found here. Insiders have sold a total of 23,693 shares of company stock worth $2,156,268 over the last three months. Insiders own 3.01% of the company’s stock.

NASDAQ:IRBT traded up $0.58 on Tuesday, hitting $68.49. 12,885 shares of the company’s stock were exchanged, compared to its average volume of 1,319,538. The business has a 50-day simple moving average of $86.07. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.90 and a current ratio of 3.15. iRobot Co. has a 52 week low of $66.31 and a 52 week high of $132.88. The stock has a market capitalization of $1.94 billion, a P/E ratio of 15.80, a P/E/G ratio of 1.71 and a beta of 1.53.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.03 by $0.22. iRobot had a net margin of 7.57% and a return on equity of 16.06%. The firm had revenue of $260.17 million for the quarter, compared to analysts’ expectations of $267.96 million. During the same period in the previous year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. Research analysts anticipate that iRobot Co. will post 2.73 earnings per share for the current year.

About iRobot

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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