Nuveen Asset Management LLC Reduces Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Nuveen Asset Management LLC decreased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,104 shares of the industrial products company's stock after selling 5,923 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.28% of Zebra Technologies worth $54,883,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Zebra Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock valued at $2,417,942,000 after buying an additional 55,130 shares during the last quarter. Invesco Ltd. lifted its stake in Zebra Technologies by 1.5% in the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock valued at $549,586,000 after buying an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Zebra Technologies by 7.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock valued at $500,701,000 after buying an additional 86,766 shares during the last quarter. Geode Capital Management LLC lifted its stake in Zebra Technologies by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock valued at $491,935,000 after buying an additional 30,496 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake 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 buying an additional 379,491 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. The trade was a 0.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ZBRA has been the subject of a number of research reports. Barclays reduced their price objective 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. Morgan Stanley reduced their price objective on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird boosted their target price on Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Needham & Company LLC dropped their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Truist Financial dropped their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $321.73.

Zebra Technologies Price Performance

ZBRA stock traded down $4.15 on Friday, reaching $284.21. 325,257 shares of the company's stock were exchanged, compared to its average volume of 461,555. The stock has a fifty day moving average of $260.40 and a 200-day moving average of $333.07. Zebra Technologies Co. has a twelve month low of $205.73 and a twelve month high of $427.76. The firm has a market cap of $14.45 billion, a PE ratio of 27.92 and a beta of 1.74. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company posted $2.84 earnings per share. Zebra Technologies's quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current fiscal 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.