Zebra Technologies Corporation $ZBRA Stake Lessened by CIBC Asset Management Inc

CIBC Asset Management Inc trimmed its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 88.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,718 shares of the industrial products company’s stock after selling 60,727 shares during the quarter. CIBC Asset Management Inc’s holdings in Zebra Technologies were worth $2,293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fenimore Asset Management Inc grew its position in shares of Zebra Technologies by 0.6% during the 3rd quarter. Fenimore Asset Management Inc now owns 353,914 shares of the industrial products company’s stock valued at $105,169,000 after buying an additional 2,281 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Zebra Technologies by 1,826.5% during the 3rd quarter. Nordea Investment Management AB now owns 997,495 shares of the industrial products company’s stock worth $292,705,000 after purchasing an additional 945,718 shares during the period. Rokos Capital Management LLP bought a new stake in shares of Zebra Technologies in the 2nd quarter worth approximately $21,037,000. JPMorgan Chase & Co. boosted its position in Zebra Technologies by 2.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,005,729 shares of the industrial products company’s stock valued at $310,130,000 after purchasing an additional 27,620 shares during the period. Finally, Amundi grew its stake in Zebra Technologies by 122.9% during the 2nd quarter. Amundi now owns 273,225 shares of the industrial products company’s stock worth $87,539,000 after buying an additional 150,643 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Insider Transactions at Zebra Technologies

In other news, Director Satish Dhanasekaran acquired 1,000 shares of Zebra Technologies stock in a transaction on Tuesday, November 18th. The stock was bought at an average cost of $233.12 per share, with a total value of $233,120.00. Following the completion of the purchase, the director owned 3,356 shares of the company’s stock, valued at $782,350.72. This represents a 42.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.84% of the company’s stock.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $238.56 on Wednesday. Zebra Technologies Corporation has a 1 year low of $205.73 and a 1 year high of $405.93. The business’s fifty day moving average is $251.92 and its two-hundred day moving average is $285.60. The stock has a market capitalization of $12.09 billion, a P/E ratio of 24.05 and a beta of 1.68. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.61.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, October 28th. The industrial products company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.75 by $0.13. Zebra Technologies had a return on equity of 18.08% and a net margin of 9.74%.The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the business posted $3.49 earnings per share. Zebra Technologies’s revenue was up 5.2% compared to the same quarter last year. On average, research analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Zebra Technologies in a research report on Wednesday, January 21st. KeyCorp reaffirmed a “sector weight” rating on shares of Zebra Technologies in a report on Thursday, October 30th. Truist Financial decreased their price objective on Zebra Technologies from $331.00 to $291.00 and set a “hold” rating for the company in a report on Thursday, December 18th. Barclays boosted their price target on Zebra Technologies from $360.00 to $368.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, Zacks Research raised Zebra Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Zebra Technologies presently has a consensus rating of “Hold” and a consensus price target of $350.00.

Zebra Technologies Profile

Zebra Technologies Corporation is a global technology company specializing in marking, tracking and computer printing solutions. The company produces a wide range of hardware and software products designed to enable real-time visibility of assets, inventory and personnel across diverse industries. Its offerings help businesses automate data capture and streamline operations in environments such as retail, healthcare, manufacturing, transportation and logistics.

The company’s product portfolio includes barcode and RFID printers, mobile computing devices, barcode scanners, RFID readers and related supplies such as labels and tags.