JPMorgan Chase & Co. Has $3.48 Million Holdings in iRobot Co. (NASDAQ:IRBT)

JPMorgan Chase & Co. lifted its stake in shares of iRobot Co. (NASDAQ:IRBT) by 2,712.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 400,427 shares of the industrial products company’s stock after buying an additional 386,189 shares during the quarter. JPMorgan Chase & Co. owned about 1.31% of iRobot worth $3,480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. State Street Corp grew its holdings in iRobot by 1.2% in the third quarter. State Street Corp now owns 1,164,040 shares of the industrial products company’s stock worth $10,116,000 after purchasing an additional 14,075 shares during the period. Geode Capital Management LLC grew its stake in shares of iRobot by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 676,472 shares of the industrial products company’s stock valued at $5,880,000 after buying an additional 19,233 shares during the period. AQR Capital Management LLC increased its position in iRobot by 185.4% in the 2nd quarter. AQR Capital Management LLC now owns 196,431 shares of the industrial products company’s stock valued at $1,789,000 after buying an additional 127,602 shares in the last quarter. Verition Fund Management LLC acquired a new position in iRobot during the 3rd quarter worth approximately $1,556,000. Finally, Canada Pension Plan Investment Board boosted its holdings in iRobot by 47.9% in the second quarter. Canada Pension Plan Investment Board now owns 93,500 shares of the industrial products company’s stock worth $852,000 after acquiring an additional 30,300 shares in the last quarter. Institutional investors own 77.42% of the company’s stock.

iRobot Stock Performance

Shares of iRobot stock opened at $8.85 on Friday. The company has a market cap of $270.46 million, a PE ratio of -1.92 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. iRobot Co. has a 52 week low of $5.83 and a 52 week high of $28.09. The business has a 50 day moving average price of $8.21 and a 200-day moving average price of $8.43.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.09. The business had revenue of $193.40 million for the quarter, compared to analysts’ expectations of $218.41 million. iRobot had a negative return on equity of 100.79% and a negative net margin of 16.15%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned ($3.09) EPS. Equities analysts anticipate that iRobot Co. will post -5.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IRBT shares. StockNews.com upgraded iRobot from a “sell” rating to a “hold” rating in a report on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a research note on Thursday, November 7th.

About iRobot

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.