CIBC Asset Management Inc Cuts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

CIBC Asset Management Inc lowered its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 67,167 shares of the industrial products company’s stock after selling 1,772 shares during the quarter. CIBC Asset Management Inc’s holdings in Zebra Technologies were worth $25,869,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Zebra Technologies by 3.4% in the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after acquiring an additional 70,771 shares during the period. Geode Capital Management LLC grew its holdings in Zebra Technologies by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock valued at $459,766,000 after buying an additional 14,237 shares during the last quarter. JPMorgan Chase & Co. increased its position in Zebra Technologies by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after buying an additional 89,765 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Zebra Technologies by 2.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock worth $169,016,000 after acquiring an additional 10,956 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Zebra Technologies by 2,423.5% in the third quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after acquiring an additional 265,014 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Stock Down 1.6 %

Shares of NASDAQ ZBRA opened at $318.36 on Tuesday. The firm has a market cap of $16.42 billion, a price-to-earnings ratio of 43.31 and a beta of 1.63. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The stock’s 50-day simple moving average is $390.48 and its 200-day simple moving average is $373.85.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. As a group, equities analysts anticipate that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZBRA has been the subject of a number of recent research reports. Barclays lowered their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. UBS Group boosted their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. TD Cowen lifted their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley lowered their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $386.00.

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.