Stifel Financial Corp Has $568,000 Stock Holdings in iRobot Co. (NASDAQ:IRBT)

Stifel Financial Corp trimmed its stake in shares of iRobot Co. (NASDAQ:IRBT) by 6.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,334 shares of the industrial products company’s stock after selling 4,227 shares during the quarter. Stifel Financial Corp owned approximately 0.21% of iRobot worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. raised its holdings in iRobot by 2.8% during the 2nd quarter. Federated Hermes Inc. now owns 796,923 shares of the industrial products company’s stock worth $7,260,000 after purchasing an additional 21,982 shares during the last quarter. AQR Capital Management LLC increased its position in shares of iRobot by 185.4% during the second quarter. AQR Capital Management LLC now owns 196,431 shares of the industrial products company’s stock worth $1,789,000 after buying an additional 127,602 shares during the period. Verition Fund Management LLC bought a new position in iRobot during the third quarter worth $1,556,000. Bank of New York Mellon Corp lifted its holdings in iRobot by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 163,670 shares of the industrial products company’s stock valued at $1,491,000 after buying an additional 3,956 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in iRobot by 47.9% during the second quarter. Canada Pension Plan Investment Board now owns 93,500 shares of the industrial products company’s stock valued at $852,000 after acquiring an additional 30,300 shares during the last quarter. 77.42% of the stock is currently owned by institutional investors.

iRobot Trading Up 1.4 %

NASDAQ:IRBT opened at $8.06 on Friday. The firm has a fifty day simple moving average of $7.94 and a two-hundred day simple moving average of $8.42. iRobot Co. has a 12 month low of $5.83 and a 12 month high of $38.98. The stock has a market capitalization of $246.31 million, a price-to-earnings ratio of -1.75 and a beta of 0.83. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24.

iRobot (NASDAQ:IRBT) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $193.40 million during the quarter, compared to analyst estimates of $218.41 million. iRobot had a negative return on equity of 100.79% and a negative net margin of 16.15%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($3.09) EPS. Analysts expect that iRobot Co. will post -5.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research report on Thursday, November 7th. StockNews.com downgraded iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th.

iRobot Company 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.