Greenleaf Trust Sells 400 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Greenleaf Trust lessened its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 33.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 805 shares of the industrial products company’s stock after selling 400 shares during the period. Greenleaf Trust’s holdings in Zebra Technologies were worth $220,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Zebra Technologies by 9.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,150 shares of the industrial products company’s stock valued at $4,414,000 after acquiring an additional 1,347 shares in the last quarter. Everence Capital Management Inc. raised its holdings in shares of Zebra Technologies by 16.2% during the fourth quarter. Everence Capital Management Inc. now owns 1,790 shares of the industrial products company’s stock valued at $489,000 after acquiring an additional 250 shares in the last quarter. Wealth Alliance raised its holdings in shares of Zebra Technologies by 39.9% during the fourth quarter. Wealth Alliance now owns 1,461 shares of the industrial products company’s stock valued at $399,000 after acquiring an additional 417 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Zebra Technologies during the fourth quarter valued at approximately $244,000. Finally, Keel Point LLC raised its holdings in shares of Zebra Technologies by 12.4% during the fourth quarter. Keel Point LLC now owns 13,474 shares of the industrial products company’s stock valued at $3,683,000 after acquiring an additional 1,487 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Up 0.4 %

NASDAQ ZBRA opened at $277.53 on Thursday. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $320.55. The stock has a market cap of $14.26 billion, a P/E ratio of 48.60 and a beta of 1.79. The stock’s fifty day moving average price is $285.77 and its 200-day moving average price is $254.05. The company has a current ratio of 1.05, a quick ratio of 0.54 and a debt-to-equity ratio of 0.67.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the firm posted $4.43 earnings per share. The company’s quarterly revenue was down 32.9% on a year-over-year basis. As a group, equities analysts forecast that Zebra Technologies Co. will post 9.76 EPS for the current fiscal year.

Insider Activity at Zebra Technologies

In related news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the sale, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ZBRA shares. Barclays started coverage on Zebra Technologies in a report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 target price for the company. StockNews.com cut Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target on the stock in a research note on Monday, April 8th. Finally, Truist Financial initiated coverage on Zebra Technologies in a research note on Thursday, March 14th. They issued a “hold” rating and a $300.00 price target on the stock. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $278.64.

Zebra Technologies Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.