Symbotic Inc. (NASDAQ:SYM) Stake Lessened by Captrust Financial Advisors

Captrust Financial Advisors cut its stake in Symbotic Inc. (NASDAQ:SYM) by 19.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,776 shares of the company’s stock after selling 2,143 shares during the period. Captrust Financial Advisors’ holdings in Symbotic were worth $208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc lifted its stake in Symbotic by 58.2% during 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 during the last quarter. Private Trust Co. NA acquired a new stake in Symbotic during the fourth quarter valued at approximately $47,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Symbotic during the fourth quarter valued at approximately $47,000. Jones Financial Companies Lllp lifted its stake in Symbotic by 154.1% during the fourth quarter. Jones Financial Companies Lllp now owns 2,457 shares of the company’s stock valued at $58,000 after purchasing an additional 1,490 shares during the last quarter. Finally, MCF Advisors LLC acquired a new stake in Symbotic during the fourth quarter valued at approximately $85,000.

Insider Transactions at Symbotic

In other news, insider William M. Boyd III sold 2,455 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $22.31, for a total transaction of $54,771.05. Following the transaction, the insider now owns 39,659 shares in the company, valued at $884,792.29. This represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael David Dunn sold 2,040 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $22.24, for a total transaction of $45,369.60. Following the transaction, the insider now owns 23,822 shares in the company, valued at approximately $529,801.28. This trade represents a 7.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,447 shares of company stock worth $858,000 in the last 90 days. 0.60% of the stock is owned by insiders.

Symbotic Stock Up 10.1%

SYM stock opened at $29.43 on Friday. Symbotic Inc. has a 12-month low of $16.32 and a 12-month high of $43.39. The company has a market cap of $17.35 billion, a price-to-earnings ratio of -420.37, a PEG ratio of 6.48 and a beta of 1.85. The company has a 50 day moving average of $22.34 and a two-hundred day moving average of $25.67.

Symbotic (NASDAQ:SYM) last released its earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.09). Symbotic had a positive return on equity of 5.11% and a negative net margin of 0.38%. The company had revenue of $549.65 million during the quarter, compared to analysts’ expectations of $522.36 million. During the same quarter in the previous year, the company earned ($0.07) EPS. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. On average, research analysts anticipate that Symbotic Inc. will post 0.13 EPS for the current year.

Analyst Ratings Changes

SYM has been the subject of several research analyst reports. UBS Group reduced their price target on shares of Symbotic from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. The Goldman Sachs Group reduced their price target on shares of Symbotic from $25.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Raymond James downgraded shares of Symbotic from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 6th. Needham & Company LLC reduced their price target on shares of Symbotic from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Citigroup reduced their price target on shares of Symbotic from $37.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Symbotic has a consensus rating of “Hold” and an average target price of $37.20.

Symbotic Company Profile

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.