Federated Hermes Inc. Has $7.26 Million Stock Holdings in iRobot Co. (NASDAQ:IRBT)

Federated Hermes Inc. increased its stake in shares of iRobot Co. (NASDAQ:IRBT) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 796,923 shares of the industrial products company’s stock after purchasing an additional 21,982 shares during the quarter. Federated Hermes Inc. owned approximately 2.77% of iRobot worth $7,260,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IRBT. Victory Capital Management Inc. acquired a new position in iRobot during the 4th quarter worth approximately $220,000. Charles Schwab Investment Management Inc. increased its position in iRobot by 9.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 495,151 shares of the industrial products company’s stock valued at $19,162,000 after acquiring an additional 43,131 shares during the period. Norges Bank acquired a new position in iRobot in the 4th quarter valued at approximately $6,623,000. Hsbc Holdings PLC increased its position in iRobot by 11.2% in the 4th quarter. Hsbc Holdings PLC now owns 329,872 shares of the industrial products company’s stock valued at $12,763,000 after acquiring an additional 33,356 shares during the period. Finally, RPO LLC acquired a new position in iRobot in the 4th quarter valued at approximately $774,000. 77.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on IRBT shares. Needham & Company LLC restated a “hold” rating on shares of iRobot in a research report on Thursday, August 8th. StockNews.com upgraded shares of iRobot from a “sell” rating to a “hold” rating in a research report on Monday.

iRobot Trading Up 1.2 %

NASDAQ:IRBT opened at $7.35 on Wednesday. The firm’s fifty day moving average is $8.81 and its 200-day moving average is $9.09. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.53. iRobot Co. has a 52 week low of $5.83 and a 52 week high of $42.14. The firm has a market cap of $211.36 million, a P/E ratio of -0.95 and a beta of 0.84.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported ($1.96) EPS for the quarter, missing analysts’ consensus estimates of ($1.77) by ($0.19). iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. The firm had revenue of $166.40 million during the quarter, compared to the consensus estimate of $168.73 million. During the same period in the prior year, the company posted ($1.73) earnings per share. The company’s revenue for the quarter was down 29.7% compared to the same quarter last year. Equities analysts expect that iRobot Co. will post -4.43 earnings per share for the current year.

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.