Ensign Peak Advisors Inc Has $1.36 Million Stake in Symbotic Inc. (NASDAQ:SYM)

Ensign Peak Advisors Inc trimmed its position in Symbotic Inc. (NASDAQ:SYM) by 72.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 57,507 shares of the company’s stock after selling 149,983 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Symbotic were worth $1,363,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SYM. IFP Advisors Inc grew its position in Symbotic by 58.2% in the fourth quarter. IFP Advisors Inc now owns 1,368 shares of the company’s stock valued at $32,000 after purchasing an additional 503 shares in the last quarter. Private Trust Co. NA acquired a new position in shares of Symbotic during the 4th quarter worth about $47,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Symbotic during the 4th quarter worth about $47,000. Jones Financial Companies Lllp grew its holdings in shares of Symbotic by 154.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,457 shares of the company’s stock valued at $58,000 after acquiring an additional 1,490 shares in the last quarter. Finally, MCF Advisors LLC acquired a new stake in shares of Symbotic in the fourth quarter valued at about $85,000.

Symbotic Stock Up 2.7%

Symbotic stock opened at $27.67 on Friday. The company’s 50-day moving average price is $21.80 and its two-hundred day moving average price is $25.68. The stock has a market cap of $16.28 billion, a P/E ratio of -395.23, a P/E/G ratio of 6.48 and a beta of 1.85. Symbotic Inc. has a twelve month low of $16.32 and a twelve month high of $46.08.

Symbotic (NASDAQ:SYM) last announced its earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.09). The firm had revenue of $549.65 million for the quarter, compared to the consensus estimate of $522.36 million. Symbotic had a positive return on equity of 5.11% and a negative net margin of 0.38%. Symbotic’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) EPS. Equities analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at Symbotic

In related news, Director Todd Krasnow sold 5,940 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $26.38, for a total value of $156,697.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rollin L. Ford sold 28,740 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.02, for a total value of $747,814.80. Following the sale, the director now directly owns 10,447 shares in the company, valued at $271,830.94. This represents a 73.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,847 shares of company stock valued at $1,733,870. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SYM has been the subject of a number of analyst reports. Cantor Fitzgerald restated an “overweight” rating and issued a $60.00 price target on shares of Symbotic in a research note on Thursday, February 6th. Raymond James cut shares of Symbotic from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 6th. UBS Group dropped their price target on shares of Symbotic from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. BWS Financial reissued a “sell” rating and issued a $10.00 price objective on shares of Symbotic in a research report on Wednesday, April 2nd. Finally, Northland Securities boosted their price objective on shares of Symbotic from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.20.

About Symbotic

Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.