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

Kentucky Retirement Systems lowered its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,545 shares of the industrial products company’s stock after selling 48 shares during the period. Kentucky Retirement Systems’ holdings in Zebra Technologies were worth $1,369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in shares of Zebra Technologies by 2,423.5% during the third quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after buying an additional 265,014 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after purchasing an additional 89,765 shares in the last quarter. State Street Corp grew its stake in Zebra Technologies by 3.4% in the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after purchasing an additional 70,771 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Zebra Technologies by 47.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company’s stock valued at $80,857,000 after purchasing an additional 67,742 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Zebra Technologies by 158.4% in the third quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company’s stock valued at $37,356,000 after purchasing an additional 61,842 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on ZBRA shares. Robert W. Baird lowered their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley lowered their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. TD Cowen boosted their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Needham & Company LLC reduced their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Trading Down 3.1 %

Zebra Technologies stock opened at $311.05 on Monday. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The stock has a market capitalization of $15.98 billion, a P/E ratio of 30.56 and a beta of 1.63. The stock has a 50-day simple moving average of $382.03 and a 200 day simple moving average of $373.80.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.