iRobot Co. (NASDAQ:IRBT) Shares Bought by Barclays PLC

Barclays PLC grew its stake in iRobot Co. (NASDAQ:IRBT) by 250.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,369 shares of the industrial products company’s stock after purchasing an additional 26,694 shares during the period. Barclays PLC owned approximately 0.12% of iRobot worth $325,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in iRobot by 2.5% in the 2nd 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. Rhumbline Advisers raised its holdings in iRobot by 15.2% during the second quarter. Rhumbline Advisers now owns 49,040 shares of the industrial products company’s stock worth $447,000 after purchasing an additional 6,485 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in iRobot in the second quarter valued at about $529,000. Daiwa Securities Group Inc. acquired a new position in iRobot during the 2nd quarter worth approximately $61,000. Finally, Federated Hermes Inc. raised its stake in shares of 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 buying an additional 21,982 shares in the last quarter. Hedge funds and other institutional investors own 77.42% of the company’s stock.

iRobot Stock Performance

NASDAQ:IRBT opened at $9.91 on Friday. iRobot Co. has a twelve month low of $5.83 and a twelve month high of $38.70. The company has a market capitalization of $302.84 million, a P/E ratio of -2.15 and a beta of 0.80. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. The firm has a 50-day moving average price of $7.92 and a two-hundred day moving average price of $8.36.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share (EPS) 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 return on equity of 100.79% and a negative net margin of 16.15%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($3.09) EPS. As a group, research analysts expect that iRobot Co. will post -5.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on IRBT. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a research report on Thursday, November 7th. StockNews.com cut shares of iRobot from a “hold” rating to a “sell” rating in a research note 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.