Healthcare of Ontario Pension Plan Trust Fund Invests $352,000 in Symbotic Inc. (NASDAQ:SYM)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Symbotic Inc. (NASDAQ:SYM) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,829 shares of the company’s stock, valued at approximately $352,000.

Other hedge funds have also recently added to or reduced their stakes in the company. RFP Financial Group LLC grew its holdings in shares of Symbotic by 21.2% in the 1st 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 period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Symbotic by 8.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,875 shares of the company’s stock worth $250,000 after acquiring an additional 400 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of 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 purchasing an additional 456 shares during the period. Van ECK Associates Corp bought a new position in shares of Symbotic during the 4th quarter valued at about $26,000. Finally, Bourne Lent Asset Management Inc. boosted its holdings in shares of Symbotic by 1.0% in the fourth quarter. Bourne Lent Asset Management Inc. now owns 58,260 shares of the company’s stock valued at $2,990,000 after buying an additional 600 shares during the period.

Insider Transactions at Symbotic

In related news, insider Michael David Dunn sold 1,895 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $36.56, for a total value of $69,281.20. Following the sale, the insider now directly owns 77,326 shares of the company’s stock, valued at $2,827,038.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Symbotic news, insider Michael David Dunn sold 1,895 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $36.56, for a total transaction of $69,281.20. Following the sale, the insider now owns 77,326 shares of the company’s stock, valued at $2,827,038.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Todd Krasnow sold 2,000 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $35.49, for a total value of $70,980.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at $70,980. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,281 shares of company stock valued at $5,689,053. Corporate insiders own 38.30% of the company’s stock.

Symbotic Stock Up 4.6 %

SYM stock opened at $37.84 on Friday. Symbotic Inc. has a 52 week low of $29.62 and a 52 week high of $64.14. The business has a 50-day simple moving average of $37.83 and a 200 day simple moving average of $41.38.

Symbotic (NASDAQ:SYM) last announced 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. The business had revenue of $424.30 million during the quarter, compared to the consensus estimate of $415.98 million. Symbotic had a negative net margin of 1.27% and a positive return on equity of 5.27%. As a group, research analysts forecast that Symbotic Inc. will post -0.03 EPS for the current fiscal year.

Analyst Ratings Changes

SYM has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $54.00 price target on shares of Symbotic in a research report on Tuesday, May 7th. Vertical Research assumed coverage on shares of Symbotic in a report on Tuesday. They set a “hold” rating and a $45.00 target price for the company. Robert W. Baird upped their price target on shares of Symbotic from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Symbotic from $57.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Northland Securities upped their target price on Symbotic from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $52.50.

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.