Logan Capital Management Inc. Sells 1,120 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Logan Capital Management Inc. decreased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,278 shares of the industrial products company's stock after selling 1,120 shares during the period. Logan Capital Management Inc. owned 0.06% of Zebra Technologies worth $11,308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in Zebra Technologies by 5.9% during the fourth quarter. Janus Henderson Group PLC now owns 6,376 shares of the industrial products company's stock valued at $2,463,000 after buying an additional 357 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in Zebra Technologies by 158.1% during the fourth quarter. Gotham Asset Management LLC now owns 45,383 shares of the industrial products company's stock worth $17,528,000 after buying an additional 27,798 shares in the last quarter. Graham Capital Management L.P. grew its position in Zebra Technologies by 74.1% in the fourth quarter. Graham Capital Management L.P. now owns 23,946 shares of the industrial products company's stock worth $9,248,000 after buying an additional 10,188 shares during the last quarter. Ellevest Inc. lifted its position in shares of Zebra Technologies by 14.4% during the 4th quarter. Ellevest Inc. now owns 717 shares of the industrial products company's stock valued at $277,000 after acquiring an additional 90 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in shares of Zebra Technologies by 12.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 83,434 shares of the industrial products company's stock worth $32,224,000 after acquiring an additional 9,174 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded down $0.92 during mid-day trading on Thursday, hitting $298.35. The company had a trading volume of 442,146 shares, compared to its average volume of 457,324. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The firm has a market cap of $15.33 billion, a P/E ratio of 29.31 and a beta of 1.74. The business's 50-day simple moving average is $258.54 and its 200-day simple moving average is $337.63.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $2.84 EPS. As a group, analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Anders Gustafsson bought 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This trade represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.84% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ZBRA. Needham & Company LLC reduced their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. StockNews.com lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Barclays lowered 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 report on Wednesday, April 30th. UBS Group decreased their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Citigroup decreased their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and an average target price of $321.73.

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.