Palmer Knight Co Decreases Stock Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Palmer Knight Co lowered its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 28.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,479 shares of the industrial products company's stock after selling 6,127 shares during the quarter. Zebra Technologies comprises approximately 2.1% of Palmer Knight Co's holdings, making the stock its 28th largest holding. Palmer Knight Co's holdings in Zebra Technologies were worth $4,374,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of ZBRA. Benjamin Edwards Inc. grew its holdings in Zebra Technologies by 5.7% during the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock valued at $251,000 after purchasing an additional 35 shares during the last quarter. GTS Securities LLC grew its stake in Zebra Technologies by 5.0% in the 4th quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock worth $307,000 after acquiring an additional 38 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Zebra Technologies by 21.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 224 shares of the industrial products company's stock worth $87,000 after acquiring an additional 39 shares in the last quarter. World Investment Advisors grew its stake in Zebra Technologies by 1.1% in the 4th quarter. World Investment Advisors now owns 3,842 shares of the industrial products company's stock worth $1,484,000 after acquiring an additional 42 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Zebra Technologies by 29.7% in the 1st quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock worth $54,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target for the company in a research report on Thursday, July 10th. Truist Financial lowered their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Wall Street Zen cut shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Morgan Stanley increased their target price on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Zebra Technologies presently has an average rating of "Moderate Buy" and an average target price of $350.82.

Zebra Technologies Stock Down 0.4%

ZBRA traded down $1.32 during trading hours on Tuesday, hitting $327.06. 162,139 shares of the company's stock were exchanged, compared to its average volume of 482,426. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76. The firm has a 50 day moving average of $302.80 and a 200 day moving average of $306.69. The firm has a market cap of $16.63 billion, a P/E ratio of 30.95 and a beta of 1.75. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results 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. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the business posted $2.84 EPS. The firm's revenue was up 11.3% on a year-over-year basis. Analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

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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