Mackenzie Financial Corp Cuts Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Mackenzie Financial Corp reduced its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,602 shares of the industrial products company’s stock after selling 852 shares during the quarter. Mackenzie Financial Corp’s holdings in Zebra Technologies were worth $985,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. grew its holdings in shares of Zebra Technologies by 60.2% during the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after buying an additional 56 shares during the last quarter. MJP Associates Inc. ADV grew its holdings in shares of Zebra Technologies by 7.5% during the fourth quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock valued at $251,000 after buying an additional 64 shares during the last quarter. Portside Wealth Group LLC grew its holdings in shares of Zebra Technologies by 7.4% during the third quarter. Portside Wealth Group LLC now owns 1,049 shares of the industrial products company’s stock valued at $245,000 after buying an additional 72 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Zebra Technologies by 0.6% during the fourth quarter. Arizona State Retirement System now owns 14,110 shares of the industrial products company’s stock valued at $3,857,000 after buying an additional 79 shares during the last quarter. Finally, Wahed Invest LLC grew its holdings in shares of Zebra Technologies by 11.9% during the third quarter. Wahed Invest LLC now owns 811 shares of the industrial products company’s stock valued at $192,000 after buying an additional 86 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ZBRA shares. StockNews.com lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Barclays started coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price target on the stock. Wolfe Research raised shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target on the stock in a report on Monday, April 8th. Finally, Truist Financial started coverage on shares of Zebra Technologies in a report on Thursday, March 14th. They issued a “hold” rating and a $300.00 price target on the stock. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Zebra Technologies presently has an average rating of “Hold” and an average price target of $278.64.

Zebra Technologies Trading Up 5.4 %

ZBRA stock opened at $292.53 on Friday. The company’s 50-day simple moving average is $285.95 and its 200-day simple moving average is $254.32. 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 firm has a market cap of $15.03 billion, a P/E ratio of 51.23 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, topping 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 the consensus estimate of $1 billion. During the same quarter in the prior year, the firm earned $4.43 EPS. The company’s revenue for the quarter was down 32.9% on a year-over-year basis. As a group, equities analysts forecast that Zebra Technologies Co. will post 9.76 EPS for the current fiscal year.

Insider Buying and Selling

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 transaction of $37,713.60. Following the completion of the transaction, the chief accounting officer now owns 5,543 shares in the company, valued at approximately $1,548,492.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.06% of the company’s stock.

About Zebra Technologies

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.