New South Capital Management Inc. Reduces Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

New South Capital Management Inc. reduced its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 413,024 shares of the industrial products company's stock after selling 23,996 shares during the quarter. Zebra Technologies accounts for about 5.6% of New South Capital Management Inc.'s investment portfolio, making the stock its 3rd largest holding. New South Capital Management Inc. owned about 0.80% of Zebra Technologies worth $116,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. bought a new stake in Zebra Technologies in the fourth quarter valued at about $778,000. Metis Global Partners LLC grew its position in shares of Zebra Technologies by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 1,708 shares of the industrial products company's stock worth $660,000 after acquiring an additional 59 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Zebra Technologies by 18.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 312 shares of the industrial products company's stock worth $120,000 after acquiring an additional 48 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Zebra Technologies by 8.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 646 shares of the industrial products company's stock valued at $249,000 after acquiring an additional 53 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position 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 valued at $263,000 after acquiring an additional 525 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ZBRA shares. Robert W. Baird lifted their price objective on shares of Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Citigroup reduced 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 lowered their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Barclays dropped their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Finally, Wall Street Zen downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Five equities 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.com, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $331.20.

Zebra Technologies Stock Performance

Zebra Technologies stock traded up $3.50 during midday trading on Friday, reaching $323.89. 257,488 shares of the stock traded hands, compared to its average volume of 481,452. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of 30.64 and a beta of 1.75. The firm has a fifty day moving average price of $288.87 and a two-hundred day moving average price of $311.81.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data 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 return on equity of 18.77% and a net margin of 10.73%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $2.84 earnings per share. The business's revenue was up 11.3% on a year-over-year basis. On average, equities research analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current 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.