Mountain Pacific Investment Advisers Inc. ID Trims Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Mountain Pacific Investment Advisers Inc. ID reduced its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 13.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 63,879 shares of the industrial products company’s stock after selling 9,813 shares during the period. Mountain Pacific Investment Advisers Inc. ID owned approximately 0.12% of Zebra Technologies worth $17,460,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. First Horizon Advisors Inc. lifted 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 worth $35,000 after purchasing an additional 56 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Zebra Technologies in the 4th quarter worth $44,000. Centerpoint Advisors LLC acquired a new position in shares of Zebra Technologies during the third quarter worth about $59,000. GAMMA Investing LLC purchased a new position in Zebra Technologies during the fourth quarter worth about $78,000. Finally, Huntington National Bank lifted its position in Zebra Technologies by 104.0% in 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 period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZBRA has been the subject of several research analyst reports. Wolfe Research upgraded Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective for the company in a research report on Monday, April 8th. Truist Financial assumed coverage on shares of Zebra Technologies in a report on Thursday, March 14th. They set a “hold” rating and a $300.00 price objective on the stock. StockNews.com cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Finally, Barclays assumed coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price target on the stock. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $278.64.

Insider Activity

In other news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Up 1.6 %

ZBRA opened at $297.21 on Friday. The firm has a market cap of $15.27 billion, a P/E ratio of 52.05 and a beta of 1.79. The business’s fifty day simple moving average is $286.38 and its 200 day simple moving average is $254.84. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $320.55. 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 (NASDAQ:ZBRA) last issued its quarterly 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. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. Zebra Technologies’s revenue was down 32.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.43 EPS. As a group, equities research analysts anticipate that Zebra Technologies Co. will post 9.76 EPS for the current fiscal year.

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.