Mutual of America Capital Management LLC Sells 174 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Mutual of America Capital Management LLC lowered its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,177 shares of the industrial products company’s stock after selling 174 shares during the period. Mutual of America Capital Management LLC’s holdings in Zebra Technologies were worth $2,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ZBRA. Asset Management One Co. Ltd. lifted its stake in Zebra Technologies by 6.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 19,900 shares of the industrial products company’s stock valued at $7,369,000 after acquiring an additional 1,235 shares during the period. Forte Capital LLC ADV increased its position in shares of Zebra Technologies by 29.2% during the 3rd quarter. Forte Capital LLC ADV now owns 979 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 221 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Zebra Technologies by 6.3% during the 3rd quarter. Principal Financial Group Inc. now owns 110,417 shares of the industrial products company’s stock valued at $40,890,000 after purchasing an additional 6,514 shares during the last quarter. Equitable Trust Co. increased its position in shares of Zebra Technologies by 2.3% during the 3rd quarter. Equitable Trust Co. now owns 1,573 shares of the industrial products company’s stock valued at $583,000 after purchasing an additional 35 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of Zebra Technologies by 794.1% during the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Robert W. Baird reduced their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Citigroup assumed coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. UBS Group reduced their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Truist Financial reduced their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies has an average rating of “Moderate Buy” and a consensus target price of $381.42.

Insider Activity

In other news, Director Anders Gustafsson bought 500 shares of the stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Trading Down 0.6 %

Shares of ZBRA opened at $292.69 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. The company has a 50 day simple moving average of $364.64 and a two-hundred day simple moving average of $371.38. The firm has a market cap of $15.04 billion, a P/E ratio of 28.75 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, equities analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal 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.