Rhumbline Advisers Decreases Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Rhumbline Advisers lessened its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 93,670 shares of the industrial products company’s stock after selling 1,399 shares during the quarter. Rhumbline Advisers’ holdings in Zebra Technologies were worth $36,177,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Concord Wealth Partners bought a new position in shares of Zebra Technologies during the 3rd quarter worth approximately $30,000. Fortitude Family Office LLC grew its holdings in Zebra Technologies by 159.5% in the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 59 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new position in shares of Zebra Technologies during the fourth quarter worth $42,000. Blue Trust Inc. lifted its holdings in shares of Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the last quarter. Finally, Spire Wealth Management boosted its position in shares of Zebra Technologies by 44.7% in the 4th quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 42 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on ZBRA shares. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC lowered their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. UBS Group cut their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday. Truist Financial lowered their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Finally, Citigroup began coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Trading Up 4.0 %

Shares of NASDAQ:ZBRA opened at $331.08 on Wednesday. The company has a market capitalization of $17.08 billion, a PE ratio of 45.04 and a beta of 1.63. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The business has a 50 day moving average of $388.62 and a two-hundred day moving average of $373.68. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. As a group, analysts forecast that Zebra Technologies Co. will post 11.8 EPS for the current year.

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.