Blair William & Co. IL Trims Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Blair William & Co. IL reduced its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 90,880 shares of the industrial products company’s stock after selling 935 shares during the period. Blair William & Co. IL owned about 0.18% of Zebra Technologies worth $28,076,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ZBRA. Vanguard Personalized Indexing Management LLC lifted its position in shares of Zebra Technologies by 26.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,562 shares of the industrial products company’s stock worth $1,100,000 after purchasing an additional 755 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in Zebra Technologies by 21.9% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 874 shares of the industrial products company’s stock worth $270,000 after buying an additional 157 shares during the period. Edgestream Partners L.P. purchased a new position in Zebra Technologies in the 2nd quarter worth about $563,000. Renaissance Technologies LLC bought a new stake in Zebra Technologies during the 2nd quarter valued at about $782,000. Finally, One Capital Management LLC purchased a new stake in Zebra Technologies in the 2nd quarter valued at about $261,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Transactions at Zebra Technologies

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

Zebra Technologies Stock Performance

ZBRA stock opened at $351.83 on Thursday. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $372.93. The firm has a market cap of $18.15 billion, a price-to-earnings ratio of 69.81 and a beta of 1.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. The firm has a 50-day simple moving average of $334.32 and a two-hundred day simple moving average of $313.21.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating 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 company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the company posted $3.24 earnings per share. Zebra Technologies’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts forecast that Zebra Technologies Co. will post 11.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. 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 report on Wednesday, July 31st. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $258.00 to $305.00 in a research report on Thursday, June 13th. Barclays upped their target price on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, TD Cowen upped their price objective on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.