Silvercrest Asset Management Group LLC trimmed its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 149,652 shares of the industrial products company's stock after selling 2,276 shares during the period. Silvercrest Asset Management Group LLC owned 0.29% of Zebra Technologies worth $57,798,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in ZBRA. Coldstream Capital Management Inc. raised its stake in Zebra Technologies by 6.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock valued at $460,000 after purchasing an additional 72 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Zebra Technologies by 334.4% in the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock valued at $263,000 after buying an additional 525 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Zebra Technologies by 47.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock valued at $80,857,000 after buying an additional 67,742 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Zebra Technologies by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after buying an additional 89,765 shares during the period. Finally, Heartland Bank & Trust Co acquired a new stake in Zebra Technologies during the fourth quarter worth approximately $288,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Zebra Technologies
In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the company's stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now owns 202,176 shares in the company, valued at $62,876,736. The trade was a 0.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.84% of the stock is currently owned by corporate insiders.
Zebra Technologies Stock Down 2.3%
NASDAQ ZBRA traded down $6.78 on Wednesday, reaching $290.19. The company had a trading volume of 207,607 shares, compared to its average volume of 457,740. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a 1 year low of $205.73 and a 1 year high of $427.76. The firm has a 50-day moving average of $260.12 and a 200-day moving average of $335.08. The firm has a market capitalization of $14.76 billion, a PE ratio of 28.47 and a beta of 1.74.
Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.84 earnings per share. On average, equities research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on ZBRA shares. StockNews.com downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird upped their price objective on shares of Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Barclays cut 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 report on Wednesday, April 30th. Needham & Company LLC lowered their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Citigroup cut 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 note on Monday, April 14th. Six 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $321.73.
Check Out Our Latest Report on Zebra Technologies
Zebra Technologies Profile
(
Free Report)
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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