Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,319 shares of the industrial products company’s stock after selling 289 shares during the period. Retirement Systems of Alabama’s holdings in Zebra Technologies were worth $3,094,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Mackenzie Financial Corp increased its stake in Zebra Technologies by 5.0% in the 3rd quarter. Mackenzie Financial Corp now owns 4,454 shares of the industrial products company’s stock valued at $1,026,000 after purchasing an additional 211 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in Zebra Technologies by 5.3% in the third quarter. IFM Investors Pty Ltd now owns 11,229 shares of the industrial products company’s stock valued at $2,656,000 after purchasing an additional 566 shares during the last quarter. Park Avenue Securities LLC purchased a new position in shares of Zebra Technologies in the third quarter valued at $1,458,000. Inspire Advisors LLC raised its stake in shares of Zebra Technologies by 11.5% during the 3rd quarter. Inspire Advisors LLC now owns 1,057 shares of the industrial products company’s stock worth $250,000 after buying an additional 109 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Zebra Technologies by 1.5% during the 3rd quarter. TD Asset Management Inc now owns 19,517 shares of the industrial products company’s stock worth $4,616,000 after buying an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the transaction, 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 filing with the SEC, which is available at the SEC website. 1.04% of the stock is owned by company insiders.

Zebra Technologies Stock Up 0.7 %

ZBRA opened at $317.87 on Wednesday. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $322.95. The business has a 50-day moving average of $291.37 and a two-hundred day moving average of $260.36. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56. The stock has a market capitalization of $16.33 billion, a price-to-earnings ratio of 63.07 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. Zebra Technologies’s revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.59 earnings per share. On average, research analysts expect that Zebra Technologies Co. will post 10.47 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on ZBRA shares. Needham & Company LLC raised their target price on shares of Zebra Technologies from $320.00 to $352.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. UBS Group raised their price objective on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Stephens lifted their price objective on Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. StockNews.com upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $310.64.

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.