Board of the Pension Protection Fund Trims Stock Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Board of the Pension Protection Fund lessened its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 88.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 200 shares of the industrial products company's stock after selling 1,600 shares during the quarter. Board of the Pension Protection Fund's holdings in Zebra Technologies were worth $57,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ZBRA. Norges Bank acquired a new position in Zebra Technologies in the fourth quarter valued at about $201,420,000. FMR LLC increased its holdings in Zebra Technologies by 181.1% in the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock valued at $299,585,000 after purchasing an additional 499,736 shares during the last quarter. Schroder Investment Management Group raised its position in Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock valued at $379,930,000 after purchasing an additional 379,491 shares during the period. Raymond James Financial Inc. purchased a new stake in Zebra Technologies in the fourth quarter valued at approximately $140,039,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Zebra Technologies by 434.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock valued at $153,188,000 after purchasing an additional 322,475 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $309.26 on Friday. The company has a fifty day simple moving average of $280.51 and a two-hundred day simple moving average of $315.23. The company has a market cap of $15.73 billion, a price-to-earnings ratio of 29.26 and a beta of 1.75. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The company's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.84 earnings per share. As a group, equities analysts anticipate that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZBRA has been the topic of several research analyst reports. Needham & Company LLC cut their price objective on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. UBS Group dropped their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird lifted their target price on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Citigroup dropped their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $331.20.

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.

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