Public Employees Retirement Association of Colorado Decreases Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Public Employees Retirement Association of Colorado reduced its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,436 shares of the industrial products company’s stock after selling 58 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Zebra Technologies were worth $1,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Farmers & Merchants Investments Inc. boosted its position in Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 63 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of Zebra Technologies in the 2nd quarter worth approximately $32,000. BOK Financial Private Wealth Inc. purchased a new position in shares of Zebra Technologies in the first quarter worth approximately $36,000. Massmutual Trust Co. FSB ADV grew its position in Zebra Technologies by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after buying an additional 33 shares during the period. Finally, Webster Bank N. A. increased its holdings in Zebra Technologies by 792.9% during the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock valued at $39,000 after buying an additional 111 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Insider Activity

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the transaction, the insider now owns 9,694 shares in the company, valued at approximately $3,312,342.86. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $362.39 on Tuesday. The firm has a market capitalization of $18.63 billion, a PE ratio of 71.90 and a beta of 1.65. The stock’s fifty day moving average is $336.56 and its 200 day moving average is $315.00. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $372.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the company earned $3.24 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts anticipate that Zebra Technologies Co. will post 11.12 earnings per share for the current year.

Analysts Set New Price Targets

ZBRA has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Stephens upped their price target on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Robert W. Baird raised their price objective on Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Needham & Company LLC raised their target price on shares of Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.