RPG Investment Advisory LLC Raises Stake in iRobot Co. (NASDAQ:IRBT)

RPG Investment Advisory LLC boosted its position in iRobot Co. (NASDAQ:IRBT) by 58,674.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,897 shares of the industrial products company’s stock after buying an additional 52,807 shares during the period. RPG Investment Advisory LLC owned approximately 0.19% of iRobot worth $1,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IRBT. Invesco Ltd. boosted its position in iRobot by 1,217.3% in the second quarter. Invesco Ltd. now owns 952,798 shares of the industrial products company’s stock valued at $87,314,000 after buying an additional 880,468 shares during the last quarter. BlackRock Inc. boosted its position in iRobot by 6.7% in the second quarter. BlackRock Inc. now owns 4,285,781 shares of the industrial products company’s stock valued at $392,747,000 after buying an additional 267,663 shares during the last quarter. Atria Investments LLC purchased a new stake in iRobot in the second quarter valued at approximately $45,932,000. Nuveen Asset Management LLC purchased a new stake in iRobot in the second quarter valued at approximately $12,892,000. Finally, TimesSquare Capital Management LLC purchased a new stake in iRobot in the second quarter valued at approximately $11,867,000.

In related news, Director Mohamad Ali sold 780 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $61.11, for a total value of $47,665.80. Following the completion of the transaction, the director now directly owns 12,634 shares of the company’s stock, valued at approximately $772,063.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.01% of the company’s stock.

A number of equities research analysts recently commented on the company. Citigroup dropped their target price on iRobot from $85.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday. Northland Securities reiterated a “buy” rating and issued a $105.00 target price on shares of iRobot in a research report on Thursday, July 25th. Sidoti raised iRobot from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a report on Thursday, August 29th. Piper Jaffray Companies reissued a “neutral” rating and issued a $51.00 price target (down from $64.00) on shares of iRobot in a report on Wednesday, October 23rd. Finally, TheStreet downgraded iRobot from a “b-” rating to a “c+” rating in a report on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $72.32.

NASDAQ:IRBT traded down $0.43 during trading hours on Monday, reaching $49.34. The company had a trading volume of 157,074 shares, compared to its average volume of 1,955,372. iRobot Co. has a 1-year low of $44.00 and a 1-year high of $132.88. The firm has a market cap of $1.34 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.09 and a beta of 1.59. The business’s 50 day moving average price is $59.15 and its 200-day moving average price is $81.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.98 and a quick ratio of 1.90.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.70. The company had revenue of $289.40 million during the quarter, compared to the consensus estimate of $259.31 million. iRobot had a return on equity of 15.85% and a net margin of 7.72%. iRobot’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. On average, analysts expect that iRobot Co. will post 2.66 earnings per share for the current fiscal 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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