BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduces Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 140,975 shares of the industrial products company's stock after selling 2,004 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.27% of Zebra Technologies worth $54,447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Creative Financial Designs Inc. ADV boosted its holdings in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after acquiring an additional 36 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Zebra Technologies during the fourth quarter worth approximately $28,000. Picton Mahoney Asset Management bought a new position in shares of Zebra Technologies in the 4th quarter worth $31,000. Avalon Trust Co bought a new position in shares of Zebra Technologies in the 4th quarter worth $35,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in Zebra Technologies in the 4th quarter valued at $36,000. Institutional investors own 91.03% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. UBS Group dropped their price target on shares of 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 decreased their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Morgan Stanley lowered 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. Finally, Robert W. Baird lifted their target price on Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Six investment 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $321.73.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded down $4.15 during mid-day trading on Monday, reaching $284.21. 325,257 shares of the company's stock were exchanged, compared to its average volume of 461,555. The firm has a 50-day moving average price of $260.40 and a two-hundred day moving average price of $332.62. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of 27.92 and a beta of 1.74. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76.

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 10.60% and a return on equity of 18.34%. 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. Analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current 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.