Kentucky Retirement Systems Insurance Trust Fund Acquires New Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,487 shares of the industrial products company's stock, valued at approximately $420,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. grew its holdings in Zebra Technologies by 6.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock worth $460,000 after purchasing an additional 72 shares during the period. Jones Financial Companies Lllp grew its holdings in Zebra Technologies by 334.4% in the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock worth $263,000 after purchasing an additional 525 shares during the period. LPL Financial LLC grew its holdings in Zebra Technologies by 14.8% in the fourth quarter. LPL Financial LLC now owns 33,806 shares of the industrial products company's stock worth $13,057,000 after purchasing an additional 4,347 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Zebra Technologies by 33.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock worth $2,236,000 after purchasing an additional 1,964 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in Zebra Technologies in the first quarter worth $626,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Citigroup reduced their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Robert W. Baird raised their price objective on shares of Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Morgan Stanley raised their price objective on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 28th. Finally, Barclays dropped their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $331.20.

Zebra Technologies Stock Performance

ZBRA stock traded up $0.94 during mid-day trading on Friday, hitting $309.26. The company had a trading volume of 893,872 shares, compared to its average volume of 477,073. The firm has a market cap of $15.73 billion, a PE ratio of 29.26 and a beta of 1.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The stock's fifty day moving average price is $280.51 and its two-hundred day moving average price is $313.97.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates 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 for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.84 earnings per share. On average, analysts forecast that Zebra Technologies Corporation will post 13.71 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.