Littlejohn Financial Services Inc. Makes New Investment in Symbotic Inc. (NASDAQ:SYM)

Littlejohn Financial Services Inc. bought a new stake in shares of Symbotic Inc. (NASDAQ:SYM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 33,067 shares of the company’s stock, valued at approximately $784,000.

Several other large investors have also modified their holdings of the business. Castleview Partners LLC increased its holdings in Symbotic by 50.0% during the third quarter. Castleview Partners LLC now owns 1,500 shares of the company’s stock valued at $37,000 after buying an additional 500 shares during the period. Arcadia Investment Management Corp MI bought a new stake in Symbotic during the 3rd quarter valued at $49,000. RiverPark Advisors LLC increased its holdings in shares of Symbotic by 147.1% in the 3rd quarter. RiverPark Advisors LLC now owns 2,034 shares of the company’s stock valued at $50,000 after acquiring an additional 1,211 shares during the period. Quest Partners LLC raised its position in shares of Symbotic by 19,307.7% in the 3rd quarter. Quest Partners LLC now owns 2,523 shares of the company’s stock worth $62,000 after acquiring an additional 2,510 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Symbotic by 28.4% during the 3rd quarter. Van ECK Associates Corp now owns 3,497 shares of the company’s stock worth $85,000 after purchasing an additional 774 shares during the last quarter.

Symbotic Stock Performance

Shares of SYM stock opened at $27.72 on Friday. The business has a fifty day moving average of $27.32 and a 200 day moving average of $26.45. Symbotic Inc. has a 1 year low of $17.11 and a 1 year high of $50.40.

Symbotic (NASDAQ:SYM) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. Symbotic had a positive return on equity of 5.11% and a negative net margin of 0.38%. Equities research analysts anticipate that Symbotic Inc. will post 0.13 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Carol J. Hibbard sold 4,055 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $30.70, for a total value of $124,488.50. Following the sale, the chief financial officer now owns 44,386 shares in the company, valued at $1,362,650.20. This represents a 8.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Todd Krasnow sold 10,447 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $27.05, for a total value of $282,591.35. Following the sale, the director now directly owns 194,036 shares in the company, valued at approximately $5,248,673.80. This trade represents a 5.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,454 shares of company stock valued at $3,110,501. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SYM has been the topic of several analyst reports. TD Cowen lifted their target price on Symbotic from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. DA Davidson raised shares of Symbotic from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Wednesday, January 8th. Citigroup reissued a “buy” rating and set a $37.00 target price on shares of Symbotic in a research report on Monday, January 13th. Needham & Company LLC cut their price target on shares of Symbotic from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, BWS Financial reaffirmed a “sell” rating and set a $10.00 price target on shares of Symbotic in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Symbotic has an average rating of “Hold” and a consensus price target of $38.33.

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.