Mcrae Capital Management Inc. Has $1.49 Million Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Mcrae Capital Management Inc. decreased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,855 shares of the industrial products company’s stock after selling 125 shares during the quarter. Mcrae Capital Management Inc.’s holdings in Zebra Technologies were worth $1,489,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in Zebra Technologies in the third quarter valued at approximately $247,000. Point72 DIFC Ltd acquired a new stake in shares of Zebra Technologies during the 3rd quarter valued at $2,113,000. LVM Capital Management Ltd. MI bought a new stake in Zebra Technologies during the 4th quarter worth $643,000. Versor Investments LP acquired a new position in Zebra Technologies in the 3rd quarter worth about $1,752,000. Finally, Cerity Partners LLC raised its position in Zebra Technologies by 45.3% in the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after purchasing an additional 3,328 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZBRA has been the topic of several research reports. Truist Financial boosted their price target on Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Robert W. Baird upped their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Morgan Stanley increased their price objective on Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Finally, UBS Group lifted their target price on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $401.25.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $323.42 on Friday. The stock’s 50 day moving average price is $393.93 and its two-hundred day moving average price is $373.98. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 44.00 and a beta of 1.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies Co. has a 52-week low of $248.27 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Thursday, February 20th. 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 15.56% and a net margin of 8.20%. On average, equities analysts predict that Zebra Technologies Co. will post 11.8 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.