California Public Employees Retirement System Lowers Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

California Public Employees Retirement System lowered its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,500 shares of the industrial products company’s stock after selling 3,010 shares during the period. California Public Employees Retirement System’s holdings in Zebra Technologies were worth $25,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ZBRA. First Horizon Advisors Inc. raised its holdings in shares of Zebra Technologies by 60.2% in the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 56 shares during the last quarter. Centerpoint Advisors LLC bought a new position in Zebra Technologies during the third quarter valued at about $59,000. Huntington National Bank grew its position in 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 buying an additional 182 shares during the period. ING Groep NV bought a new position in Zebra Technologies during the third quarter valued at about $105,000. Finally, SRS Capital Advisors Inc. grew its position in Zebra Technologies by 620.3% during the third quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock valued at $126,000 after buying an additional 459 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

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

Zebra Technologies Price Performance

ZBRA stock opened at $297.21 on Friday. The firm has a 50 day moving average of $286.38 and a 200-day moving average of $255.06. The company has a current ratio of 1.05, a quick ratio of 0.54 and a debt-to-equity ratio of 0.67. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $320.55. The firm has a market capitalization of $15.27 billion, a P/E ratio of 52.05 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the business earned $4.43 earnings per share. Zebra Technologies’s revenue was down 32.9% compared to the same quarter last year. As a group, sell-side analysts predict that Zebra Technologies Co. will post 9.76 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the transaction, the chief accounting officer now directly owns 5,543 shares in the company, valued at $1,548,492.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is owned by company insiders.

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.