Dimensional Fund Advisors LP Boosts Stock Holdings in Symbotic Inc. (NASDAQ:SYM)

Dimensional Fund Advisors LP boosted its holdings in Symbotic Inc. (NASDAQ:SYM) by 24.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,367 shares of the company’s stock after buying an additional 8,415 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Symbotic were worth $1,525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RFP Financial Group LLC lifted its position in shares of 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 acquiring an additional 242 shares in the last quarter. Advisors Asset Management Inc. grew its holdings 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 worth $123,000 after purchasing an additional 284 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Symbotic by 4.5% during the first quarter. California State Teachers Retirement System now owns 15,057 shares of the company’s stock valued at $678,000 after acquiring an additional 654 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of 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 buying an additional 800 shares during the period. Finally, First Dallas Securities Inc. lifted its position in shares of Symbotic by 4.1% in the 2nd quarter. First Dallas Securities Inc. now owns 20,100 shares of the company’s stock worth $707,000 after purchasing an additional 800 shares during the period.

Insider Buying and Selling at Symbotic

In other Symbotic news, Director Todd Krasnow sold 17,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $21.46, for a total transaction of $364,820.00. Following the completion of the sale, the director now owns 214,036 shares in the company, valued at approximately $4,593,212.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Todd Krasnow sold 17,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $21.46, for a total value of $364,820.00. Following the completion of the sale, the director now owns 214,036 shares in the company, valued at $4,593,212.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael David Dunn sold 2,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the sale, the insider now owns 74,808 shares of the company’s stock, valued at approximately $2,992,320. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,987 shares of company stock worth $1,066,559. 38.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SYM. Needham & Company LLC lowered their price objective on Symbotic from $54.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Robert W. Baird decreased their price objective on shares of Symbotic from $53.00 to $41.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Craig Hallum decreased their target price on shares of Symbotic from $54.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. The Goldman Sachs Group cut their price target on shares of Symbotic from $40.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Finally, KeyCorp cut their price target on shares of Symbotic from $55.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.23.

Symbotic Trading Up 8.8 %

Shares of Symbotic stock opened at $29.93 on Friday. The company’s fifty day simple moving average is $22.42 and its 200-day simple moving average is $33.49. The company has a market cap of $17.50 billion, a price-to-earnings ratio of -124.71 and a beta of 1.84. Symbotic Inc. has a 1 year low of $17.11 and a 1 year high of $59.82.

Symbotic (NASDAQ:SYM) last posted its earnings results on Monday, July 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $464.56 million. During the same quarter last year, the business earned ($0.07) EPS. Symbotic’s quarterly revenue was up 57.7% compared to the same quarter last year. As a group, research analysts forecast that Symbotic Inc. will post -0.08 earnings per share for the current fiscal year.

Symbotic 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.