Charles Schwab Investment Management Inc. Lowers Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Charles Schwab Investment Management Inc. trimmed its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 8.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 298,979 shares of the industrial products company’s stock after selling 27,998 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Zebra Technologies were worth $110,718,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in shares of Zebra Technologies by 5.3% in the first quarter. Advisors Asset Management Inc. now owns 3,249 shares of the industrial products company’s stock worth $979,000 after purchasing an additional 164 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Zebra Technologies in the 1st quarter worth $395,000. California State Teachers Retirement System increased its stake in Zebra Technologies by 2.3% in the 1st quarter. California State Teachers Retirement System now owns 87,480 shares of the industrial products company’s stock worth $26,370,000 after buying an additional 1,932 shares in the last quarter. Tidal Investments LLC raised its holdings in Zebra Technologies by 172.3% during the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock valued at $1,154,000 after acquiring an additional 2,422 shares during the period. Finally, Comerica Bank lifted its position in shares of Zebra Technologies by 8.3% in the first quarter. Comerica Bank now owns 27,158 shares of the industrial products company’s stock valued at $8,187,000 after acquiring an additional 2,092 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ZBRA. Truist Financial reiterated a “hold” rating and set a $383.00 target price (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Needham & Company LLC lifted their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird upped their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their price target on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday, October 30th. Finally, UBS Group increased their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.18.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $400.94 on Tuesday. The company’s 50-day moving average price is $376.83 and its 200-day moving average price is $341.98. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The company has a market cap of $20.68 billion, a PE ratio of 54.55 and a beta of 1.64. Zebra Technologies Co. has a twelve month low of $227.65 and a twelve month high of $405.62.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 earnings per share. On average, equities research analysts forecast that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

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.