Federated Hermes Inc. raised its position in shares of iRobot Co. (NASDAQ:IRBT - Free Report) by 41.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,003,473 shares of the industrial products company's stock after buying an additional 295,997 shares during the quarter. Federated Hermes Inc. owned about 3.28% of iRobot worth $7,777,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of iRobot in the 4th quarter worth $59,000. SG Americas Securities LLC purchased a new stake in iRobot during the fourth quarter valued at approximately $97,000. Intech Investment Management LLC bought a new stake in shares of iRobot in the 4th quarter valued at approximately $108,000. Harbor Capital Advisors Inc. boosted its holdings in shares of iRobot by 28.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 15,595 shares of the industrial products company's stock worth $121,000 after purchasing an additional 3,448 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in iRobot by 32.7% during the 4th quarter. Wells Fargo & Company MN now owns 18,448 shares of the industrial products company's stock valued at $143,000 after buying an additional 4,543 shares during the period. 77.42% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
IRBT has been the topic of several recent analyst reports. Needham & Company LLC reissued a "hold" rating on shares of iRobot in a research note on Thursday, March 13th. StockNews.com cut iRobot from a "hold" rating to a "sell" rating in a research note on Saturday, March 29th.
Get Our Latest Stock Analysis on IRBT
iRobot Trading Up 7.4 %
Shares of NASDAQ IRBT traded up $0.14 during mid-day trading on Wednesday, reaching $1.97. The company had a trading volume of 600,113 shares, compared to its average volume of 1,564,823. iRobot Co. has a 52 week low of $1.71 and a 52 week high of $14.51. The business's 50-day moving average is $5.23 and its 200-day moving average is $7.18. The stock has a market cap of $60.95 million, a price-to-earnings ratio of -0.43 and a beta of 1.14. 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 Company Profile
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Free Report)
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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