US Bancorp DE Grows Stock Holdings in iRobot Co. (NASDAQ:IRBT)

US Bancorp DE increased its position in shares of iRobot Co. (NASDAQ:IRBT) by 57.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,553 shares of the industrial products company’s stock after buying an additional 566 shares during the quarter. US Bancorp DE’s holdings in iRobot were worth $68,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Alliancebernstein L.P. raised its position in iRobot by 1,516.7% in the third quarter. Alliancebernstein L.P. now owns 689,276 shares of the industrial products company’s stock valued at $38,827,000 after purchasing an additional 646,640 shares during the period. State of Wisconsin Investment Board boosted its stake in iRobot by 2,702.4% in the fourth quarter. State of Wisconsin Investment Board now owns 141,662 shares of the industrial products company’s stock valued at $6,818,000 after acquiring an additional 136,607 shares in the last quarter. Renaissance Technologies LLC boosted its stake in iRobot by 225.3% in the first quarter. Renaissance Technologies LLC now owns 149,000 shares of the industrial products company’s stock valued at $9,447,000 after acquiring an additional 103,200 shares in the last quarter. Marshall Wace LLP acquired a new position in iRobot in the fourth quarter valued at $3,164,000. Finally, Athos Capital Ltd purchased a new stake in shares of iRobot in the fourth quarter valued at about $2,888,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

iRobot Stock Down 0.3 %

Shares of IRBT opened at $38.77 on Friday. The company’s fifty day moving average is $42.05 and its two-hundred day moving average is $41.22. iRobot Co. has a fifty-two week low of $31.37 and a fifty-two week high of $59.09. The firm has a market cap of $1.07 billion, a PE ratio of -2.84 and a beta of 1.14.

iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported ($1.73) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.94) by $0.21. The firm had revenue of $236.57 million for the quarter, compared to the consensus estimate of $224.48 million. iRobot had a negative net margin of 36.24% and a negative return on equity of 47.45%. As a group, equities research analysts anticipate that iRobot Co. will post -8.23 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on IRBT shares. StockNews.com raised shares of iRobot from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Citigroup lowered their price target on shares of iRobot from $61.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, July 27th.

iRobot Profile

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.