Dimensional Fund Advisors LP Sells 1,259 Shares of iRobot Co. (IRBT)

Dimensional Fund Advisors LP decreased its position in shares of iRobot Co. (NASDAQ:IRBT) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 695,319 shares of the industrial products company’s stock after selling 1,259 shares during the period. Dimensional Fund Advisors LP’s holdings in iRobot were worth $52,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Scout Investments Inc. increased its holdings in shares of iRobot by 1.2% during the second quarter. Scout Investments Inc. now owns 57,513 shares of the industrial products company’s stock worth $4,358,000 after buying an additional 688 shares in the last quarter. Swiss National Bank increased its holdings in shares of iRobot by 2.5% during the first quarter. Swiss National Bank now owns 48,300 shares of the industrial products company’s stock worth $3,100,000 after buying an additional 1,200 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of iRobot by 45.1% during the first quarter. Xact Kapitalforvaltning AB now owns 3,858 shares of the industrial products company’s stock worth $248,000 after buying an additional 1,200 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of iRobot by 21.5% during the first quarter. Commonwealth Equity Services LLC now owns 7,097 shares of the industrial products company’s stock worth $455,000 after buying an additional 1,254 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of iRobot by 3.8% during the second quarter. Comerica Bank now owns 35,115 shares of the industrial products company’s stock worth $2,804,000 after buying an additional 1,274 shares in the last quarter. 83.21% of the stock is owned by institutional investors.

Shares of iRobot stock opened at $108.01 on Thursday. The company has a market capitalization of $2.85 billion, a P/E ratio of 61.02, a P/E/G ratio of 2.04 and a beta of 1.47. iRobot Co. has a fifty-two week low of $55.77 and a fifty-two week high of $118.75.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings results on Tuesday, July 24th. The industrial products company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.20. The business had revenue of $226.30 million during the quarter, compared to analyst estimates of $219.71 million. iRobot had a net margin of 5.90% and a return on equity of 13.27%. iRobot’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. research analysts expect that iRobot Co. will post 2.43 EPS for the current year.

IRBT has been the subject of several recent analyst reports. BidaskClub lowered shares of iRobot from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 21st. ValuEngine raised shares of iRobot from a “hold” rating to a “buy” rating in a report on Monday, August 20th. Canaccord Genuity reaffirmed a “hold” rating and set a $80.00 price objective on shares of iRobot in a report on Wednesday, July 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a report on Thursday, July 5th. Finally, Zacks Investment Research lowered shares of iRobot from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $74.00.

In related news, COO Christian Cerda sold 59,441 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $107.58, for a total value of $6,394,662.78. Following the completion of the sale, the chief operating officer now owns 76,063 shares of the company’s stock, valued at $8,182,857.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Alison Dean sold 16,778 shares of the firm’s stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $85.00, for a total transaction of $1,426,130.00. Following the completion of the sale, the chief financial officer now directly owns 87,523 shares of the company’s stock, valued at approximately $7,439,455. The disclosure for this sale can be found here. In the last three months, insiders sold 187,784 shares of company stock valued at $19,484,412. 3.51% of the stock is currently owned by company insiders.

iRobot Company Profile

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 stair.

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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