Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 49.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 428 shares of the industrial products company’s stock after selling 423 shares during the period. Signaturefd LLC’s holdings in Zebra Technologies were worth $117,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ZBRA. Boston Partners purchased a new position in shares of Zebra Technologies during the third quarter worth about $115,392,000. Fort Pitt Capital Group LLC grew its stake in shares of Zebra Technologies by 24,337.4% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 236,798 shares of the industrial products company’s stock valued at $56,010,000 after purchasing an additional 235,829 shares during the last quarter. Causeway Capital Management LLC acquired a new position in shares of Zebra Technologies in the third quarter valued at approximately $48,995,000. JPMorgan Chase & Co. raised its stake in shares of Zebra Technologies by 20.0% during the third quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock worth $186,648,000 after purchasing an additional 131,383 shares during the last quarter. Finally, London Co. of Virginia acquired a new stake in shares of Zebra Technologies during the third quarter worth $27,300,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $300.01 on Tuesday. The business has a 50 day moving average price of $286.87 and a 200 day moving average price of $255.96. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54. The company has a market capitalization of $15.41 billion, a P/E ratio of 52.54 and a beta of 1.79. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $320.55.

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

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 owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.04% of the stock is currently owned by company insiders.

About Zebra Technologies

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.