US Bancorp DE Grows Stock Holdings in Symbotic Inc. (NASDAQ:SYM)

US Bancorp DE grew its holdings in Symbotic Inc. (NASDAQ:SYMFree Report) by 434.6% during the 4th quarter, Holdings Channel reports. The fund owned 13,344 shares of the company’s stock after purchasing an additional 10,848 shares during the period. US Bancorp DE’s holdings in Symbotic were worth $685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in SYM. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Symbotic by 8.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,875 shares of the company’s stock worth $250,000 after buying an additional 400 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in Symbotic by 4.3% during the fourth quarter. Natixis Advisors L.P. now owns 10,983 shares of the company’s stock worth $563,000 after buying an additional 456 shares in the last quarter. Van ECK Associates Corp purchased a new stake in Symbotic during the fourth quarter worth $26,000. Bourne Lent Asset Management Inc. raised its position in Symbotic by 1.0% during the fourth quarter. Bourne Lent Asset Management Inc. now owns 58,260 shares of the company’s stock worth $2,990,000 after acquiring an additional 600 shares during the period. Finally, TFC Financial Management Inc. raised its position in Symbotic by 97.1% during the fourth quarter. TFC Financial Management Inc. now owns 1,226 shares of the company’s stock worth $63,000 after acquiring an additional 604 shares during the period.

Insiders Place Their Bets

In other news, major shareholder David A. Ladensohn sold 50,000 shares of Symbotic stock in a transaction on Friday, May 24th. The shares were sold at an average price of $40.89, for a total value of $2,044,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder David A. Ladensohn sold 50,000 shares of Symbotic stock in a transaction on Friday, May 24th. The shares were sold at an average price of $40.89, for a total value of $2,044,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Janet L. Cohen sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $43.26, for a total transaction of $1,081,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,351 shares of company stock valued at $4,306,595. 38.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SYM. Needham & Company LLC restated a “buy” rating and set a $54.00 price objective on shares of Symbotic in a research report on Tuesday, May 7th. William Blair restated a “market perform” rating on shares of Symbotic in a research report on Friday, May 10th. Northland Securities upped their price objective on shares of Symbotic from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Symbotic from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Finally, Robert W. Baird increased their target price on shares of Symbotic from $52.00 to $53.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.69.

Get Our Latest Stock Analysis on Symbotic

Symbotic Price Performance

Shares of SYM stock opened at $39.35 on Friday. The firm has a market cap of $23.01 billion, a PE ratio of -163.95 and a beta of 1.92. The company has a 50-day moving average of $42.23 and a two-hundred day moving average of $45.13. Symbotic Inc. has a 1-year low of $29.62 and a 1-year high of $64.14.

Symbotic (NASDAQ:SYMGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.25. Symbotic had a negative net margin of 1.27% and a positive return on equity of 5.27%. The business had revenue of $424.30 million during the quarter, compared to analyst estimates of $415.98 million. Sell-side analysts anticipate that Symbotic Inc. will post -0.1 EPS for the current fiscal year.

Symbotic Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding SYM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Symbotic Inc. (NASDAQ:SYMFree Report).

Institutional Ownership by Quarter for Symbotic (NASDAQ:SYM)

Receive News & Ratings for Symbotic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symbotic and related companies with MarketBeat.com's FREE daily email newsletter.