Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV decreased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 9.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 325 shares of the industrial products company’s stock after selling 34 shares during the quarter. Resources Management Corp CT ADV’s holdings in Zebra Technologies were worth $100,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. UBS Group AG lifted its position in Zebra Technologies by 25.2% during the 4th quarter. UBS Group AG now owns 82,897 shares of the industrial products company’s stock worth $22,658,000 after acquiring an additional 16,694 shares during the period. Commerce Bank lifted its holdings in shares of Zebra Technologies by 21.3% during the fourth quarter. Commerce Bank now owns 5,315 shares of the industrial products company’s stock worth $1,453,000 after purchasing an additional 934 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Zebra Technologies by 7.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 13,925 shares of the industrial products company’s stock valued at $3,806,000 after buying an additional 1,011 shares during the last quarter. Intech Investment Management LLC acquired a new position in Zebra Technologies in the 4th quarter valued at $265,000. Finally, Hsbc Holdings PLC raised its position in Zebra Technologies by 29.9% during the 4th quarter. Hsbc Holdings PLC now owns 60,117 shares of the industrial products company’s stock worth $16,445,000 after buying an additional 13,838 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ZBRA. BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $258.00 to $305.00 in a research note on Thursday, June 13th. Truist Financial restated a “hold” rating and issued a $345.00 price target (up from $315.00) on shares of Zebra Technologies in a research note on Wednesday, July 31st. Robert W. Baird increased their price target on shares of Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Vertical Research assumed coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective on the stock. Finally, TD Cowen increased their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $349.64.

Insiders Place Their Bets

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $364.43 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. The stock has a market cap of $18.80 billion, a price-to-earnings ratio of 72.31 and a beta of 1.65. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $372.93. The business has a fifty day moving average of $337.13 and a 200-day moving average of $315.58.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.24 EPS. As a group, analysts predict that Zebra Technologies Co. will post 11.12 earnings per share 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.