Baird Financial Group Inc. Lowers Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Baird Financial Group Inc. reduced its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,016 shares of the industrial products company's stock after selling 19,339 shares during the period. Baird Financial Group Inc. owned approximately 0.37% of Zebra Technologies worth $74,547,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ZBRA. Cascade Investment Advisors Inc. raised its stake in shares of Zebra Technologies by 0.6% during the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock worth $1,704,000 after buying an additional 25 shares in the last quarter. Equitable Trust Co. raised its position in Zebra Technologies by 1.7% in the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock worth $618,000 after acquiring an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Zebra Technologies by 24.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 30 shares during the period. New York Life Investment Management LLC lifted its holdings in Zebra Technologies by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock valued at $2,976,000 after acquiring an additional 30 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Zebra Technologies by 2.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock worth $518,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Insider Buying and Selling

In related news, Director Anders Gustafsson acquired 500 shares of the company's stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $311.00 per share, with a total value of $155,500.00. Following 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of research analyst reports. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Morgan Stanley decreased their price target on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Citigroup dropped their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Truist Financial decreased their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays cut their price target on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and an average target price of $321.73.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA opened at $255.95 on Monday. The company has a 50-day simple moving average of $263.52 and a 200-day simple moving average of $342.48. 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 company has a market cap of $13.15 billion, a PE ratio of 25.14 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 quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $2.84 EPS. Zebra Technologies's revenue was up 11.3% on a year-over-year basis. On average, equities analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.

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