Whittier Trust Co. of Nevada Inc. Lowers Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Whittier Trust Co. of Nevada Inc. lowered its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 20.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 185 shares of the industrial products company’s stock after selling 48 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Zebra Technologies were worth $69,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies in the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. grew its stake in shares of Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after buying an additional 63 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Zebra Technologies in the 2nd quarter valued at $32,000. BOK Financial Private Wealth Inc. acquired a new position in Zebra Technologies during the 1st quarter worth about $36,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ZBRA shares. Vertical Research started coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price on the stock. TD Cowen upped their price objective on Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Robert W. Baird upped their price target on Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Barclays increased their price target on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $352.73.

Insider Activity at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA opened at $362.05 on Friday. The business has a 50-day moving average of $355.60 and a two-hundred day moving average of $327.28. The firm has a market capitalization of $18.67 billion, a PE ratio of 81.73 and a beta of 1.66. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $380.05.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the company earned $3.24 EPS. The firm’s revenue was up .2% on a year-over-year basis. As a group, research analysts forecast that Zebra Technologies Co. will post 11.09 earnings per share for the current 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.