iRobot Co. (NASDAQ:IRBT) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its position in iRobot Co. (NASDAQ:IRBT) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,969 shares of the industrial products company’s stock after buying an additional 22,486 shares during the period. Northern Trust Corp owned about 0.89% of iRobot worth $2,100,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IRBT. Federated Hermes Inc. raised its position in shares of iRobot by 41.8% in the fourth quarter. Federated Hermes Inc. now owns 1,003,473 shares of the industrial products company’s stock valued at $7,777,000 after buying an additional 295,997 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of iRobot by 44.8% in the fourth quarter. Renaissance Technologies LLC now owns 575,176 shares of the industrial products company’s stock valued at $4,458,000 after buying an additional 177,876 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of iRobot by 24.1% in the fourth quarter. JPMorgan Chase & Co. now owns 496,878 shares of the industrial products company’s stock valued at $3,851,000 after buying an additional 96,451 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in iRobot during the fourth quarter worth approximately $633,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in iRobot during the fourth quarter worth approximately $585,000. Institutional investors and hedge funds own 77.42% of the company’s stock.

iRobot Stock Down 2.6%

Shares of NASDAQ IRBT opened at $2.58 on Monday. iRobot Co. has a 52-week low of $1.76 and a 52-week high of $13.45. The firm has a fifty day moving average of $2.51 and a 200-day moving average of $6.01. The stock has a market capitalization of $80.25 million, a PE ratio of -0.56 and a beta of 0.80. The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 1.24.

Wall Street Analysts Forecast Growth

IRBT has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a report on Thursday, March 13th. Wall Street Zen cut shares of iRobot from a “hold” rating to a “sell” rating in a research note on Saturday, March 29th.

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.