iRobot Co. (IRBT) Shares Sold by Dimensional Fund Advisors LP

Share on StockTwits

Dimensional Fund Advisors LP decreased its holdings in shares of iRobot Co. (NASDAQ:IRBT) by 8.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 696,578 shares of the industrial products company’s stock after selling 62,599 shares during the period. Dimensional Fund Advisors LP owned 2.50% of iRobot worth $44,713,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of iRobot by 4.1% during the 1st quarter. BlackRock Inc. now owns 3,931,536 shares of the industrial products company’s stock valued at $252,366,000 after purchasing an additional 153,263 shares in the last quarter. Global X Management Co. LLC boosted its holdings in iRobot by 60.8% in the first quarter. Global X Management Co. LLC now owns 488,978 shares of the industrial products company’s stock worth $31,387,000 after acquiring an additional 184,845 shares in the last quarter. Vident Investment Advisory LLC boosted its holdings in iRobot by 107.6% in the fourth quarter. Vident Investment Advisory LLC now owns 484,539 shares of the industrial products company’s stock worth $37,164,000 after acquiring an additional 251,095 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in iRobot by 3.1% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 377,008 shares of the industrial products company’s stock worth $28,917,000 after acquiring an additional 11,202 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in iRobot by 1.1% in the first quarter. Northern Trust Corp now owns 350,591 shares of the industrial products company’s stock worth $22,504,000 after acquiring an additional 3,707 shares in the last quarter. Institutional investors own 84.10% of the company’s stock.

Several research analysts have issued reports on IRBT shares. BidaskClub lowered iRobot from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 29th. ValuEngine lowered iRobot from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. Canaccord Genuity cut their price target on iRobot from $65.00 to $63.00 and set a “hold” rating on the stock in a report on Thursday, April 26th. Piper Jaffray Companies upgraded iRobot from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $61.80 to $78.00 in a report on Wednesday, April 18th. Finally, JPMorgan Chase & Co. increased their price target on iRobot from $61.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, April 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $68.20.

In other news, CEO Colin M. Angle sold 13,334 shares of the stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $75.00, for a total value of $1,000,050.00. Following the completion of the sale, the chief executive officer now directly owns 499,173 shares of the company’s stock, valued at $37,437,975. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrew Miller sold 636 shares of the stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $69.41, for a total value of $44,144.76. Following the completion of the sale, the director now directly owns 6,538 shares of the company’s stock, valued at $453,802.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,920 shares of company stock valued at $1,940,445. Company insiders own 4.49% of the company’s stock.

Shares of iRobot opened at $75.77 on Friday, Marketbeat reports. The company has a market capitalization of $2.11 billion, a PE ratio of 42.81, a P/E/G ratio of 1.94 and a beta of 1.09. iRobot Co. has a 52 week low of $55.77 and a 52 week high of $109.78.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, April 24th. The industrial products company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.49 by $0.22. The firm had revenue of $217.10 million during the quarter, compared to the consensus estimate of $212.81 million. iRobot had a return on equity of 12.95% and a net margin of 5.90%. The company’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 earnings per share. equities research analysts predict that iRobot Co. will post 2.3 EPS 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 stair.

Want to see what other hedge funds are holding IRBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iRobot Co. (NASDAQ:IRBT).

Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

Receive News & Ratings for iRobot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply