Public Employees Retirement System of Ohio Sells 1,006 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Public Employees Retirement System of Ohio trimmed its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,647 shares of the industrial products company's stock after selling 1,006 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.09% of Zebra Technologies worth $17,244,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its holdings in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after purchasing an additional 36 shares during the period. Investment Management Corp VA ADV purchased a new stake in Zebra Technologies in the fourth quarter worth $27,000. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies in the fourth quarter valued at $28,000. Picton Mahoney Asset Management bought a new stake in shares of Zebra Technologies in the fourth quarter valued at $31,000. Finally, Avalon Trust Co purchased a new position in shares of Zebra Technologies during the 4th quarter valued at $35,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZBRA. Wall Street Zen cut Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Citigroup lowered their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Needham & Company LLC cut their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. UBS Group cut their price target on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Morgan Stanley raised their target price on Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $326.09.

Zebra Technologies Price Performance

ZBRA stock traded down $6.18 during midday trading on Friday, reaching $286.32. The company had a trading volume of 140,704 shares, compared to its average volume of 461,355. The firm has a 50-day moving average price of $260.48 and a 200-day moving average price of $330.51. The company has a market capitalization of $14.56 billion, a P/E ratio of 28.12 and a beta of 1.74. Zebra Technologies Co. has a 1 year low of $205.73 and a 1 year high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business earned $2.84 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. On average, research analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share 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.