iRobot Corporation (NASDAQ:IRBT) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in iRobot Corporation (NASDAQ:IRBT - Free Report) by 28.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 720,397 shares of the industrial products company's stock after selling 283,076 shares during the period. Federated Hermes Inc. owned 2.32% of iRobot worth $1,945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its stake in iRobot by 1.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 71,944 shares of the industrial products company's stock valued at $558,000 after acquiring an additional 965 shares during the period. LPL Financial LLC boosted its position in shares of iRobot by 3.4% during the fourth quarter. LPL Financial LLC now owns 41,254 shares of the industrial products company's stock worth $320,000 after buying an additional 1,346 shares during the period. Focus Partners Wealth boosted its position in shares of iRobot by 2.9% during the fourth quarter. Focus Partners Wealth now owns 62,071 shares of the industrial products company's stock worth $481,000 after buying an additional 1,771 shares during the period. Corton Capital Inc. boosted its position in shares of iRobot by 4.1% during the fourth quarter. Corton Capital Inc. now owns 67,714 shares of the industrial products company's stock worth $525,000 after buying an additional 2,685 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of iRobot by 32.7% during the fourth quarter. Wells Fargo & Company MN now owns 18,448 shares of the industrial products company's stock worth $143,000 after buying an additional 4,543 shares during the period. 77.42% of the stock is currently owned by institutional investors and hedge funds.

iRobot Stock Performance

Shares of NASDAQ IRBT opened at $4.49 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 3.28. The stock has a 50 day simple moving average of $3.80 and a 200-day simple moving average of $4.44. The company has a market cap of $139.64 million, a PE ratio of -0.56 and a beta of 0.90. iRobot Corporation has a 12-month low of $1.76 and a 12-month high of $13.06.

iRobot 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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