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

APG Asset Management US Inc. decreased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 74.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,624 shares of the industrial products company's stock after selling 4,816 shares during the period. APG Asset Management US Inc.'s holdings in Zebra Technologies were worth $627,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Benjamin Edwards Inc. lifted its holdings in shares of Zebra Technologies by 264.5% in the third quarter. Benjamin Edwards Inc. now owns 616 shares of the industrial products company's stock worth $228,000 after buying an additional 447 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Zebra Technologies by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,923 shares of the industrial products company's stock valued at $2,190,000 after purchasing an additional 245 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Zebra Technologies by 39.8% during the third quarter. Quantinno Capital Management LP now owns 2,324 shares of the industrial products company's stock valued at $861,000 after purchasing an additional 662 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Zebra Technologies by 5.6% in the third quarter. Wellington Management Group LLP now owns 3,457 shares of the industrial products company's stock worth $1,280,000 after buying an additional 183 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Zebra Technologies by 47.3% during the third quarter. National Bank of Canada FI now owns 20,950 shares of the industrial products company's stock valued at $7,758,000 after buying an additional 6,725 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ZBRA. Barclays decreased their price objective on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Robert W. Baird lowered their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Truist Financial reduced their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Citigroup dropped their price target on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Needham & Company LLC decreased their price objective on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $343.36.

Zebra Technologies Trading Down 0.6 %

Shares of NASDAQ:ZBRA traded down $1.47 on Tuesday, hitting $230.30. 164,738 shares of the company's stock were exchanged, compared to its average volume of 426,879. The business's 50 day simple moving average is $290.28 and its two-hundred day simple moving average is $355.43. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 22.62 and a beta of 1.76. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS 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 analysts' expectations of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.06% of the company's stock.

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.