Barclays PLC Raises Position in iRobot Co. (NASDAQ:IRBT)

Barclays PLC increased its holdings in iRobot Co. (NASDAQ:IRBT) by 250.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & 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 0.12% of iRobot worth $325,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

IRBT has been the subject of several research reports. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research note on Thursday, November 7th. StockNews.com raised iRobot from a “sell” rating to a “hold” rating in a research report on Friday.

iRobot Trading Up 6.6 %

NASDAQ IRBT opened at $8.85 on Monday. The firm has a market capitalization of $270.45 million, a price-to-earnings ratio of -1.92 and a beta of 0.80. 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 Co. has a one year low of $5.83 and a one year high of $28.09. The company’s 50 day moving average price is $8.21 and its 200 day moving average price is $8.43.

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. iRobot had a negative net margin of 16.15% and a negative return on equity of 100.79%. The business had revenue of $193.40 million for the quarter, compared to the consensus estimate of $218.41 million. During the same quarter last year, the firm posted ($3.09) EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, sell-side analysts predict that iRobot Co. will post -5.74 EPS for the current year.

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.