USS Investment Management Ltd Has $4.68 Million Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

USS Investment Management Ltd cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 32.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,104 shares of the industrial products company's stock after selling 5,691 shares during the quarter. USS Investment Management Ltd's holdings in Zebra Technologies were worth $4,677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZBRA. Coldstream Capital Management Inc. increased its stake in Zebra Technologies by 6.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock worth $460,000 after acquiring an additional 72 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Zebra Technologies by 334.4% during the 4th 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 in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Zebra Technologies by 47.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock worth $80,857,000 after purchasing an additional 67,742 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock worth $335,905,000 after purchasing an additional 89,765 shares during the period. Finally, Heartland Bank & Trust Co acquired a new position in Zebra Technologies in the fourth quarter valued at about $288,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on ZBRA. Robert W. Baird raised their target price on shares of Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating 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 decreased their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Citigroup dropped their target price 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. Finally, Barclays decreased their price target on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.73.

Zebra Technologies Trading Up 3.3%

NASDAQ ZBRA traded up $9.42 during trading hours on Tuesday, reaching $293.63. The company's stock had a trading volume of 246,742 shares, compared to its average volume of 460,773. The firm has a fifty day simple moving average of $260.37 and a 200-day simple moving average of $331.81. 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 Co. has a 52 week low of $205.73 and a 52 week high of $427.76. The stock has a market cap of $14.93 billion, a P/E ratio of 28.85 and a beta of 1.74.

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