Knights of Columbus Asset Advisors LLC Sells 924 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in Zebra Technologies by 21.3%, selling 924 shares in the first quarter, and now holds shares worth approximately $964,000.
• Several institutional investors have increased their holdings in Zebra Technologies, with 91.03% of the stock now owned by such investors, highlighting strong interest in the company.
• Zebra Technologies' stock has an average price target of $348.40 based on a consensus rating of "Moderate Buy" from analysts, reflecting positive sentiment in contrast to recent price changes.

Knights of Columbus Asset Advisors LLC lowered its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,412 shares of the industrial products company's stock after selling 924 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Zebra Technologies were worth $964,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ZBRA. Invesco Ltd. grew its holdings in Zebra Technologies by 1.5% during the 4th 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 in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Zebra Technologies by 7.2% during the 4th 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 in the last quarter. Geode Capital Management LLC grew its holdings in Zebra Technologies by 2.4% during the 4th 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 in the last quarter. Victory Capital Management Inc. grew its holdings in Zebra Technologies by 27.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock valued at $334,469,000 after buying an additional 255,193 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in Zebra Technologies by 62.8% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Price Performance

ZBRA traded up $4.08 during midday trading on Wednesday, hitting $335.68. The stock had a trading volume of 97,531 shares, compared to its average volume of 570,592. The company has a market cap of $17.07 billion, a P/E ratio of 31.76 and a beta of 1.75. The business has a fifty day moving average of $307.46 and a 200 day moving average of $304.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. Zebra Technologies Corporation has a 1 year low of $205.73 and a 1 year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued 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. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. Zebra Technologies's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.84 earnings per share. As a group, equities analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZBRA has been the subject of a number of recent analyst reports. Citigroup reaffirmed a "neutral" rating and set a $342.00 target price (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Barclays reduced their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Needham & Company LLC dropped their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. BNP Paribas Exane upgraded 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. Finally, Robert W. Baird lifted their price target on Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $348.40.

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.