Robeco Institutional Asset Management B.V. Lowers Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Robeco Institutional Asset Management B.V. decreased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 24.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 105,970 shares of the industrial products company's stock after selling 33,806 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.21% of Zebra Technologies worth $28,965,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in Zebra Technologies in the fourth quarter worth $44,000. Benjamin F. Edwards & Company Inc. bought a new stake in Zebra Technologies during the fourth quarter worth about $69,000. GAMMA Investing LLC purchased a new stake in Zebra Technologies in the fourth quarter worth about $78,000. Huntington National Bank lifted its holdings in shares of Zebra Technologies by 104.0% during the third quarter. Huntington National Bank now owns 357 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 182 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of Zebra Technologies by 620.3% in the 3rd quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company's stock worth $126,000 after purchasing an additional 459 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Performance

ZBRA stock traded down $1.97 during trading on Friday, reaching $317.89. The stock had a trading volume of 222,673 shares, compared to its average volume of 392,077. The firm has a market cap of $16.35 billion, a PE ratio of 63.07 and a beta of 1.76. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The stock's 50 day moving average is $296.86 and its two-hundred day moving average is $265.90. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $325.11.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.71. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business's quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.59 EPS. As a group, equities analysts anticipate that Zebra Technologies Co. will post 10.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Stephens lifted their price objective on Zebra Technologies from $335.00 to $380.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. StockNews.com upgraded shares of Zebra Technologies from a "sell" rating to a "hold" rating in a research note on Thursday, May 2nd. Barclays started coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They issued an "equal weight" rating and a $292.00 target price on the stock. TD Cowen raised their price target on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Finally, Wolfe Research raised Zebra Technologies from a "peer perform" rating to an "outperform" rating and set a $337.00 price objective on the stock in a research report on Monday, April 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Zebra Technologies currently has an average rating of "Hold" and a consensus price target of $312.27.

Insider Activity

In related news, CAO Colleen M. O'sullivan sold 135 shares of the firm's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the transaction, the chief accounting officer now directly owns 5,543 shares of the company's stock, valued at approximately $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the company's stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the transaction, the insider now directly owns 3,809 shares in the company, valued at $1,220,822.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Colleen M. O'sullivan sold 135 shares of the firm's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the sale, the chief accounting officer now owns 5,543 shares in the company, valued at $1,548,492.48. The disclosure for this sale can be found here. Insiders own 1.06% of the company's stock.

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.

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