Nordwand Advisors LLC Invests $799,000 in Symbotic Inc. $SYM

Nordwand Advisors LLC bought a new position in Symbotic Inc. (NASDAQ:SYM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 13,435 shares of the company’s stock, valued at approximately $799,000.

Other institutional investors have also recently made changes to their positions in the company. MAI Capital Management grew its stake in shares of Symbotic by 833.3% in the 3rd quarter. MAI Capital Management now owns 560 shares of the company’s stock worth $30,000 after buying an additional 500 shares during the last quarter. Ameriflex Group Inc. grew its stake in shares of Symbotic by 1,500.0% in the 3rd quarter. Ameriflex Group Inc. now owns 704 shares of the company’s stock worth $38,000 after buying an additional 660 shares during the last quarter. Strategic Advocates LLC purchased a new stake in shares of Symbotic in the 3rd quarter worth approximately $42,000. Fifth Third Bancorp grew its stake in shares of Symbotic by 20,000.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,005 shares of the company’s stock worth $54,000 after buying an additional 1,000 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Symbotic by 81.5% in the 2nd quarter. NewEdge Advisors LLC now owns 1,276 shares of the company’s stock worth $50,000 after buying an additional 573 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently weighed in on SYM shares. Wall Street Zen downgraded Symbotic from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. The Goldman Sachs Group restated a “sell” rating and issued a $50.00 price target on shares of Symbotic in a research note on Thursday, January 15th. Barclays upped their price target on Symbotic from $42.00 to $44.00 and gave the stock an “underweight” rating in a research note on Monday, March 16th. Citigroup restated an “outperform” rating on shares of Symbotic in a research note on Thursday, February 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Symbotic in a research note on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $65.62.

Insider Transactions at Symbotic

In other news, Director Rollin L. Ford sold 60,000 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $57.51, for a total value of $3,450,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Brian Daniel Alexander sold 37,860 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $59.97, for a total value of $2,270,464.20. Following the completion of the transaction, the senior vice president owned 44,229 shares in the company, valued at approximately $2,652,413.13. This trade represents a 46.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 153,581 shares of company stock worth $8,881,717. Company insiders own 8.16% of the company’s stock.

Symbotic Trading Down 3.2%

Shares of SYM opened at $57.00 on Tuesday. The business’s fifty day simple moving average is $54.62 and its two-hundred day simple moving average is $60.92. Symbotic Inc. has a 12 month low of $21.89 and a 12 month high of $87.88. The company has a market cap of $34.32 billion, a price-to-earnings ratio of -569.94, a P/E/G ratio of 5.90 and a beta of 2.03.

Symbotic (NASDAQ:SYM) last issued its earnings results on Wednesday, February 4th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.06). Symbotic had a negative net margin of 0.45% and a negative return on equity of 1.88%. The business had revenue of $629.99 million for the quarter, compared to analysts’ expectations of $622.58 million. During the same quarter in the prior year, the business posted ($0.03) earnings per share. The business’s revenue for the quarter was up 29.4% on a year-over-year basis. As a group, research analysts forecast that Symbotic Inc. will post 0.33 EPS for the current year.

Symbotic Profile

Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.