Pacer Advisors Inc. Sells 27,543 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Pacer Advisors Inc. lessened its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 86.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,158 shares of the industrial products company's stock after selling 27,543 shares during the period. Pacer Advisors Inc.'s holdings in Zebra Technologies were worth $1,137,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ZBRA. Zions Bancorporation N.A. increased its holdings in shares of Zebra Technologies by 1,100.0% in the 1st quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 55 shares in the last quarter. Clear Street Markets LLC increased its holdings in shares of Zebra Technologies by 92.5% in the 1st quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 49 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Zebra Technologies by 60.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 56 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Zebra Technologies by 130.2% in the 2nd quarter. Benjamin Edwards Inc. now owns 122 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 69 shares in the last quarter. Finally, West Tower Group LLC purchased a new position in shares of Zebra Technologies in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ZBRA. Barclays began coverage on shares of Zebra Technologies in a report on Tuesday. They issued an "equal weight" rating and a $292.00 price target for the company. Truist Financial started coverage on shares of Zebra Technologies in a report on Thursday, March 14th. They set a "hold" rating and a $300.00 target price for the company. Finally, StockNews.com downgraded shares of Zebra Technologies from a "hold" rating to a "sell" rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $272.80.

Insider Transactions at Zebra Technologies

In related news, CAO Colleen M. O'sullivan sold 135 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares of the company's stock, valued at $1,548,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.06% of the company's stock.

Zebra Technologies Stock Performance

ZBRA stock traded down $4.50 during trading on Tuesday, hitting $296.50. 461,033 shares of the company's stock traded hands, compared to its average volume of 394,743. The company has a quick ratio of 0.54, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $320.55. The stock has a fifty day moving average price of $273.29 and a two-hundred day moving average price of $247.90. The stock has a market capitalization of $15.23 billion, a price-to-earnings ratio of 51.87 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.09. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the firm earned $4.43 earnings per share. The firm's revenue for the quarter was down 32.9% compared to the same quarter last year. As a group, equities analysts anticipate that Zebra Technologies Co. will post 9.76 EPS 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.