Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,319 shares of the industrial products company’s stock after selling 1,455 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of Zebra Technologies worth $8,834,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in shares of Zebra Technologies by 663.2% in the 4th quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock worth $264,270,000 after acquiring an additional 840,169 shares during the period. Boston Partners raised its holdings in shares of Zebra Technologies by 107.1% during the fourth quarter. Boston Partners now owns 1,010,774 shares of the industrial products company’s stock valued at $276,222,000 after buying an additional 522,779 shares during the last quarter. Norges Bank acquired a new stake in Zebra Technologies in the fourth quarter worth about $102,886,000. APG Asset Management US Inc. bought a new position in Zebra Technologies in the 4th quarter valued at about $67,476,000. Finally, Corient Private Wealth LLC increased its stake in Zebra Technologies by 1,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 192,994 shares of the industrial products company’s stock valued at $52,751,000 after buying an additional 178,211 shares during the period. Institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ZBRA shares. StockNews.com upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Stephens upped their price target on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Truist Financial reiterated a “hold” rating and issued a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a report on Wednesday, May 1st. BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $258.00 to $305.00 in a report on Thursday. Finally, Barclays started coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $323.36.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $301.37 on Monday. The company has a market cap of $15.50 billion, a P/E ratio of 59.80 and a beta of 1.70. The company’s fifty day moving average is $305.62 and its two-hundred day moving average is $280.30. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $328.70.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business earned $3.59 EPS. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. Equities analysts expect that Zebra Technologies Co. will post 10.76 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the sale, the insider now owns 3,809 shares in the company, valued at approximately $1,220,822.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.06% of the stock is currently owned by insiders.

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.