Ensign Peak Advisors Inc owns $6.81M stake in Symbotic Inc. (NASDAQ:SYM)

Ensign Peak Advisors Inc increased its holdings in Symbotic Inc. (NASDAQ:SYM – Free Report) by 3,622.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 193,678 shares of the company’s stock after purchasing an additional 188,475 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Symbotic were worth $6,810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have added to or reduced their stakes in the stock. RFP Financial Group LLC raised its stake in Symbotic by 21.2% in the first quarter. RFP Financial Group LLC now owns 1,382 shares of the company’s stock valued at $62,000 after buying an additional 242 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Symbotic by 11.6% in the first quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company’s stock valued at $123,000 after buying an additional 284 shares during the period. California State Teachers Retirement System boosted its stake in Symbotic by 4.5% in the first quarter. California State Teachers Retirement System now owns 15,057 shares of the company’s stock valued at $678,000 after buying an additional 654 shares during the period. PNC Financial Services Group Inc. raised its stake in Symbotic by 7.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,632 shares of the company’s stock valued at $597,000 after acquiring an additional 800 shares during the period. Finally, First Dallas Securities Inc. raised its stake in shares of Symbotic by 4.1% during the second quarter. First Dallas Securities Inc. now owns 20,100 shares of the company’s stock valued at $707,000 after acquiring an additional 800 shares during the period.

Token stock down 2.2%

Token stock opened at $23.12 on Thursday. The company has a 50-day moving average of $24.61 and a 200-day moving average of $35.20. Symbotic Inc. has a 12-month low of $17.11 and a 12-month high of $59.82. The stock has a market cap of $13.52 billion, a PE ratio of -96.33 and a beta of 1.81.

Symbotic (NASDAQ:SYM – Get Free Report ) last announced its earnings results on Monday, July 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Symbotic had a positive return on equity of 4.08% and a negative net margin of 1.03%. The company had revenue of $491.86 million during the quarter, compared to analyst estimates of $464.56 million. During the same period last year, the company posted ($0.07) earnings per share. Symbotic’s revenue for the quarter was up 57.7% year over year. Equities analysts anticipate that Symbotic Inc. will post -0.08 EPS for the current fiscal year.

The Wall Street analyst weighs in

SYM has been the subject of several recent research reports. Citigroup dropped their price objective on Symbotic from $62.00 to $49.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Robert W. Baird reduced their price objective on shares of Symbotic from $53.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. TD Cowen decreased their target price on shares of Symbotic from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Cantor Fitzgerald restated an “overweight” rating and set a $60.00 price objective on shares of Symbotic in a research note on Tuesday, July 30th. Finally, BWS Financial restated a “sell” rating and set a $10.00 target price on shares of Symbotic in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. Symbotic presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.23, based on data from MarketBeat.com.

Get the latest report on SYM

Insider trading at Symbotic

In related news, insider Michael David Dunn sold 5,188 shares of Symbotic stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $35.49, for a total value of $184,122.12. Following the sale, the insider now owns 76,808 shares of the company’s stock, valued at approximately $2,725,915.92. The sale was disclosed in a legal filing with the SEC, which can be accessed via this link. In related news, insider Michael David Dunn sold 5,188 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $35.49, for a total value of $184,122.12. Following the completion of the transaction, the insider now owns 76,808 shares of the company’s stock, valued at $2,725,915.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. Also, Director Todd Krasnow sold 2,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $35.49, for a total transaction of $70,980.00. Following the sale, the director now directly owns 2,000 shares in the company, valued at $70,980. The disclosure for this sale can be found here. Insiders sold 38,909 shares of company stock worth $1,148,358 over the last three months. Company insiders own 38.30% of the company’s shares.

Symbolic company profile

(Free Report)

Symbotic Inc, an automation technology company, is committed to developing technologies to improve operational efficiency in modern warehouses. The company automates the processing of pallets and boxes in large warehouses or distribution centers for retail companies. Its systems improve operations at the front end of the supply chain.

See Also

Want to see what other hedge funds SYM owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Symbotic Inc. (NASDAQ:SYM – Free Report).

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