Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of iRobot Co. (NASDAQ:IRBT – Free Report) by 60.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,390 shares of the industrial products company’s stock after purchasing an additional 6,962 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned approximately 0.07% of iRobot worth $832,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in iRobot by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,939,954 shares of the industrial products company’s stock worth $186,394,000 after acquiring an additional 52,357 shares in the last quarter. State Street Corp lifted its stake in iRobot by 0.7% in the 3rd quarter. State Street Corp now owns 977,501 shares of the industrial products company’s stock valued at $55,063,000 after purchasing an additional 6,391 shares during the last quarter. Invesco Ltd. grew its holdings in iRobot by 2.7% during the first quarter. Invesco Ltd. now owns 810,246 shares of the industrial products company’s stock worth $51,370,000 after purchasing an additional 21,022 shares during the period. Dimensional Fund Advisors LP increased its position in iRobot by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 692,293 shares of the industrial products company’s stock worth $43,895,000 after buying an additional 29,549 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in iRobot by 1,516.7% during the 3rd quarter. Alliancebernstein L.P. now owns 689,276 shares of the industrial products company’s stock valued at $38,827,000 after purchasing an additional 646,640 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Citigroup decreased their price target on shares of iRobot from $61.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, July 27th. StockNews.com started coverage on iRobot in a research note on Thursday, October 5th. They set a “hold” rating on the stock.
iRobot Stock Performance
NASDAQ IRBT opened at $30.52 on Tuesday. The firm has a 50-day moving average price of $35.02 and a two-hundred day moving average price of $38.43. iRobot Co. has a 12-month low of $28.23 and a 12-month high of $53.25. The company has a market capitalization of $850.59 million, a P/E ratio of -2.58 and a beta of 1.04. The company has a quick ratio of 0.96, a current ratio of 1.71 and a debt-to-equity ratio of 0.81.
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.
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