State Street Corp Increases Position in iRobot Co. (NASDAQ:IRBT)

State Street Corp lifted its holdings in shares of iRobot Co. (NASDAQ:IRBT) by 1.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,164,040 shares of the industrial products company’s stock after acquiring an additional 14,075 shares during the quarter. State Street Corp owned 3.81% of iRobot worth $10,116,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of IRBT. Point72 DIFC Ltd bought a new position in iRobot in the 3rd quarter valued at $112,000. Verition Fund Management LLC purchased a new position in shares of iRobot in the 3rd quarter worth about $1,556,000. BNP Paribas Financial Markets grew its position in iRobot by 37.0% during the third quarter. BNP Paribas Financial Markets now owns 21,141 shares of the industrial products company’s stock valued at $184,000 after buying an additional 5,709 shares during the period. Quantbot Technologies LP purchased a new stake in iRobot during the third quarter worth about $213,000. Finally, Quest Partners LLC raised its position in iRobot by 39.8% in the third quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 3,285 shares during the period. 77.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IRBT. StockNews.com downgraded shares of iRobot from a “hold” rating to a “sell” rating in a research report on Sunday, October 27th. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a research note on Thursday, November 7th.

iRobot Trading Up 1.4 %

Shares of IRBT opened at $8.06 on Friday. iRobot Co. has a fifty-two week low of $5.83 and a fifty-two week high of $38.98. The business has a 50-day moving average of $7.94 and a 200 day moving average of $8.42. The firm has a market cap of $246.31 million, a P/E ratio of -1.75 and a beta of 0.83. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.45.

iRobot (NASDAQ:IRBT) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. The firm had revenue of $193.40 million during the quarter, compared to the consensus estimate of $218.41 million. iRobot had a negative net margin of 16.15% and a negative return on equity of 100.79%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned ($3.09) earnings per share. As a group, research analysts forecast that iRobot Co. will post -5.74 EPS for the current year.

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.