Whittier Trust Co. Sells 51 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Whittier Trust Co. reduced its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 15.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 276 shares of the industrial products company’s stock after selling 51 shares during the period. Whittier Trust Co.’s holdings in Zebra Technologies were worth $102,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Norden Group LLC bought a new stake in shares of Zebra Technologies during the 1st quarter worth $2,108,000. SG Americas Securities LLC lifted its holdings in shares of Zebra Technologies by 105.5% during the 1st quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company’s stock worth $4,612,000 after acquiring an additional 7,853 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Zebra Technologies during the 1st quarter worth $1,272,000. Tidal Investments LLC lifted its stake in Zebra Technologies by 172.3% in the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock worth $1,154,000 after purchasing an additional 2,422 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Zebra Technologies by 23.0% in the second quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock worth $2,715,000 after purchasing an additional 1,643 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ZBRA. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Needham & Company LLC boosted their price target on shares of Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price target on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. TD Cowen upped their price objective on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Vertical Research initiated coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and an average price target of $352.73.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $362.05 on Friday. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $380.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. The company’s 50-day moving average is $355.60 and its 200 day moving average is $327.28. The stock has a market capitalization of $18.67 billion, a P/E ratio of 81.73 and a beta of 1.66.

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

Insider Activity at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were 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 in the company, valued at $3,312,342.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Company 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.