Handelsbanken Fonder AB Increases Holdings in Symbotic Inc. $SYM

Handelsbanken Fonder AB lifted its stake in shares of Symbotic Inc. (NASDAQ:SYM) by 217.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,743 shares of the company’s stock after purchasing an additional 25,843 shares during the quarter. Handelsbanken Fonder AB’s holdings in Symbotic were worth $1,466,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SYM. Private Trust Co. NA boosted its stake in Symbotic by 10.0% in the 2nd quarter. Private Trust Co. NA now owns 2,200 shares of the company’s stock worth $85,000 after purchasing an additional 200 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Symbotic by 24.0% in the second quarter. Farther Finance Advisors LLC now owns 1,765 shares of the company’s stock worth $69,000 after buying an additional 342 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Symbotic by 7.1% in the second quarter. PNC Financial Services Group Inc. now owns 6,354 shares of the company’s stock valued at $247,000 after acquiring an additional 422 shares during the period. Main Management ETF Advisors LLC boosted its position in shares of Symbotic by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 29,320 shares of the company’s stock valued at $1,139,000 after acquiring an additional 480 shares during the period. Finally, Swiss National Bank grew its stake in Symbotic by 0.9% during the first quarter. Swiss National Bank now owns 82,400 shares of the company’s stock valued at $1,665,000 after acquiring an additional 700 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on SYM shares. Baird R W cut shares of Symbotic from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 7th. Northcoast Research cut shares of Symbotic from a “buy” rating to a “neutral” rating in a report on Tuesday. Cantor Fitzgerald lifted their price objective on Symbotic from $60.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group restated a “sell” rating and set a $35.00 target price (up from $27.00) on shares of Symbotic in a research report on Tuesday, September 23rd. Finally, Wall Street Zen cut Symbotic from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $54.13.

Insider Transactions at Symbotic

In other Symbotic news, major shareholder David A. Ladensohn sold 13,500 shares of Symbotic stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $74.44, for a total transaction of $1,004,940.00. Following the transaction, the insider directly owned 2,000 shares of the company’s stock, valued at approximately $148,880. This trade represents a 87.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider William M. Boyd III sold 11,735 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $82.09, for a total transaction of $963,326.15. Following the completion of the sale, the insider directly owned 26,769 shares of the company’s stock, valued at $2,197,467.21. This trade represents a 30.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 68,160 shares of company stock worth $4,761,942. 0.60% of the stock is owned by corporate insiders.

Symbotic Stock Performance

NASDAQ SYM opened at $87.30 on Thursday. Symbotic Inc. has a 52-week low of $16.32 and a 52-week high of $87.88. The company has a fifty day moving average of $65.34 and a 200-day moving average of $50.39. The company has a market capitalization of $51.55 billion, a P/E ratio of -582.00, a P/E/G ratio of 13.01 and a beta of 2.10.

Symbotic (NASDAQ:SYM) last released its quarterly earnings results on Monday, November 24th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Symbotic had a negative net margin of 0.75% and a negative return on equity of 3.89%. The firm had revenue of $618.46 million for the quarter, compared to analysts’ expectations of $604.00 million. During the same quarter in the previous year, the business earned $0.47 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Symbotic has set its Q1 2026 guidance at EPS. As a group, analysts forecast that Symbotic Inc. will post 0.13 EPS 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.