Candriam S.C.A. Sells 353 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Candriam S.C.A. cut its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,378 shares of the industrial products company’s stock after selling 353 shares during the period. Candriam S.C.A. owned 0.14% of Zebra Technologies worth $22,050,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ZBRA. Private Advisor Group LLC increased its position in Zebra Technologies by 8.9% in the 2nd quarter. Private Advisor Group LLC now owns 2,187 shares of the industrial products company’s stock worth $676,000 after buying an additional 178 shares during the period. Palmer Knight Co increased its position in Zebra Technologies by 0.4% during the second quarter. Palmer Knight Co now owns 24,220 shares of the industrial products company’s stock worth $7,482,000 after acquiring an additional 89 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 63 shares during the period. National Bank of Canada FI grew its position in Zebra Technologies by 23.6% in the 2nd quarter. National Bank of Canada FI now owns 14,225 shares of the industrial products company’s stock worth $4,356,000 after purchasing an additional 2,720 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Zebra Technologies by 3.4% during the 2nd quarter. TD Asset Management Inc now owns 21,742 shares of the industrial products company’s stock worth $6,717,000 after purchasing an additional 709 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Down 2.5 %

Shares of ZBRA stock opened at $320.77 on Friday. The company has a market capitalization of $16.49 billion, a P/E ratio of 63.64 and a beta of 1.65. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $372.93. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $329.94 and a 200 day moving average price of $309.71.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping the consensus estimate of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $3.24 EPS. Zebra Technologies’s revenue was up .2% compared to the same quarter last year. Research analysts forecast that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ZBRA shares. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. Truist Financial reissued a “hold” rating and set a $345.00 price objective (up previously from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. Needham & Company LLC upped their target price on Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Barclays lifted their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Finally, TD Cowen increased their price objective on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $349.64.

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.