Symbotic Inc. appoints Andrew Ross, President of Parker-Hannifin, to its Board of Directors effective August 26, 2025.
Quiver AI Summary
Symbotic Inc. has announced the election of Andrew Ross to its Board of Directors, effective August 26, 2025. Ross currently serves as President and Chief Operating Officer at Parker-Hannifin Corporation, bringing over 25 years of experience from the company, where he previously held various leadership roles. Symbotic's Chairman and CEO, Rick Cohen, welcomed Ross, highlighting his operational expertise and ability to foster a positive corporate culture. Ross expressed enthusiasm for joining Symbotic, noting his admiration for the company's innovative technology and his intent to leverage his experience to support Symbotic's growth. Ross holds degrees in Business Administration, Executive MBA, and Applied Communications.
Potential Positives
- The election of Andrew Ross to the Board of Directors brings valuable operational expertise from a leader in the motion and control technologies industry.
- Mr. Ross's extensive experience in fostering innovation and strong corporate culture aligns with Symbotic's goals for growth and development.
- His respect for Symbotic's technology and eagerness to apply his learnings suggests potential strategic advancements for the company.
Potential Negatives
- None
FAQ
Who is the new member of Symbotic's Board of Directors?
Andrew (“Andy”) Ross has been elected to Symbotic's Board of Directors effective August 26, 2025.
What experience does Andy Ross bring to Symbotic?
Andy Ross has over 25 years of experience at Parker-Hannifin Corporation, including multiple leadership roles in various divisions.
What are Andy Ross's educational qualifications?
He holds a Bachelor of Science in Business Administration, an Executive MBA, and a Master of Arts in Applied Communications.
What role did Rick Cohen play in this announcement?
Rick Cohen, Chairman and CEO of Symbotic, welcomed Andy Ross and highlighted his operational expertise and innovation-focused leadership.
How can media or investors contact Symbotic?
Media inquiries can be directed to Matt Buckley at [email protected], and investor relations to Charlie Anderson at [email protected].
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SYM Insider Trading Activity
$SYM insiders have traded $SYM stock on the open market 53 times in the past 6 months. Of those trades, 0 have been purchases and 53 have been sales.
Here’s a breakdown of recent trading of $SYM stock by insiders over the last 6 months:
- MILLENNIUM GST NON-EXEMPT TRUST RBC has made 0 purchases and 2 sales selling 220,000 shares for an estimated $10,218,503.
- ROLLIN L. FORD sold 90,000 shares for an estimated $4,641,273
- WILLIAM M III BOYD (Chief Strategy Officer) has made 0 purchases and 14 sales selling 83,700 shares for an estimated $3,865,204.
- TODD KRASNOW has made 0 purchases and 16 sales selling 58,000 shares for an estimated $2,492,789.
- CHARLES KANE has made 0 purchases and 4 sales selling 25,000 shares for an estimated $1,190,461.
- DANIELA L RUS has made 0 purchases and 5 sales selling 17,411 shares for an estimated $931,519.
- DAVID A LADENSOHN has made 0 purchases and 2 sales selling 15,000 shares for an estimated $815,317.
- CAROL J. HIBBARD (Chief Financial Officer) has made 0 purchases and 2 sales selling 10,921 shares for an estimated $453,438.
- MARIA G FREVE (See Remarks) has made 0 purchases and 3 sales selling 4,407 shares for an estimated $171,867.
- MICHAEL DAVID DUNN (Chief Customer Officer) has made 0 purchases and 2 sales selling 4,206 shares for an estimated $92,148.
- MERLINE SAINTIL has made 0 purchases and 2 sales selling 1,209 shares for an estimated $40,281.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SYM Hedge Fund Activity
We have seen 159 institutional investors add shares of $SYM stock to their portfolio, and 122 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC removed 595,564 shares (-88.7%) from their portfolio in Q2 2025, for an estimated $23,137,661
- BNP PARIBAS FINANCIAL MARKETS removed 491,804 shares (-61.9%) from their portfolio in Q2 2025, for an estimated $19,106,585
- ZEVENBERGEN CAPITAL INVESTMENTS LLC removed 421,122 shares (-74.8%) from their portfolio in Q2 2025, for an estimated $16,360,589
- D. E. SHAW & CO., INC. added 418,342 shares (+inf%) to their portfolio in Q2 2025, for an estimated $16,252,586
- RENAISSANCE TECHNOLOGIES LLC added 409,500 shares (+inf%) to their portfolio in Q2 2025, for an estimated $15,909,075
- ROYAL BANK OF CANADA added 340,689 shares (+401.5%) to their portfolio in Q2 2025, for an estimated $13,235,767
- MILLENNIUM MANAGEMENT LLC removed 311,141 shares (-71.4%) from their portfolio in Q2 2025, for an estimated $12,087,827
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SYM Analyst Ratings
Wall Street analysts have issued reports on $SYM in the last several months. We have seen 4 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Needham issued a "Buy" rating on 08/07/2025
- Oppenheimer issued a "Outperform" rating on 08/07/2025
- Arete Research issued a "Buy" rating on 06/25/2025
- Citigroup issued a "Buy" rating on 04/14/2025
- BWS Financial issued a "Sell" rating on 04/02/2025
To track analyst ratings and price targets for $SYM, check out Quiver Quantitative's $SYM forecast page.
$SYM Price Targets
Multiple analysts have issued price targets for $SYM recently. We have seen 8 analysts offer price targets for $SYM in the last 6 months, with a median target of $48.5.
Here are some recent targets:
- Matt Summerville from DA Davidson set a target price of $47.0 on 08/25/2025
- Colin Rusch from Oppenheimer set a target price of $59.0 on 08/07/2025
- James Ricchiuti from Needham set a target price of $57.0 on 08/07/2025
- Michael Latimore from Northland Capital Markets set a target price of $56.0 on 07/08/2025
- An analyst from Arete Research set a target price of $50.0 on 06/25/2025
- Andrew Kaplowitz from Citigroup set a target price of $29.0 on 04/14/2025
- Mark Delaney from Goldman Sachs set a target price of $18.0 on 04/10/2025
Full Release
WILMINGTON, Mass., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM ), a leader in A.I.-enabled robotics technology for the supply chain, today announced the election of Andrew (“Andy”) Ross to its Board of Directors, effective August 26, 2025.
Mr. Ross currently serves as President and Chief Operating Officer of Parker-Hannifin Corporation (NYSE: PH), a global leader in the design and manufacture of motion and control technologies. He has spent over 25 years at Parker. Prior to his current roles, he served as Vice President and President of Parker’s Fluid Connectors Group, after holding the positions of Vice President and President of Parker’s Engineered Materials Group. Before joining Parker, Mr. Ross held sales and product marketing roles at Trelleborg Sealing Solutions (then Busak + Shamban GmbH), after beginning his career at Norfolk Southern Corporation.
“I am excited to welcome Andy to our Board of Directors. As the leader of a company recognized for its outstanding culture and values, he brings not only deep operational expertise but also a proven ability to foster environments where people and innovation thrive,” said Rick Cohen, Chairman and CEO of Symbotic. “His insights and experience will be invaluable as we continue to strengthen our own culture and pursue our long-term growth ambitions.”
“It is an exciting time to be joining Symbotic’s Board and I look forward to leveraging my experience at Parker and applying those learnings to support Symbotic’s continued growth and innovation,” said Mr. Ross. “I have long admired Symbotic for its cutting-edge, disruptive technology and am honored to be a part of the team moving forward.”
Mr. Ross received a Bachelor of Science in Business Administration from the University of Saint Francis, an Executive MBA from Case Western Reserve University, and a Master of Arts in Applied Communications from the University of Michigan. He is a member of the Manufacturers Alliance for Productivity and Innovation (MAPI).
MEDIA CONTACT
Matt Buckley
Vice President, Communications
[email protected]
INVESTOR RELATIONS CONTACT
Charlie Anderson
Vice President, Investor Relations & Corporate Development
[email protected]
