Tredje AP fonden Lowers Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Tredje AP fonden lowered its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,018 shares of the industrial products company’s stock after selling 153 shares during the period. Tredje AP fonden’s holdings in Zebra Technologies were worth $3,095,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV raised its position in shares of Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after buying an additional 33 shares during the period. Fifth Third Bancorp grew its holdings in shares of Zebra Technologies by 1.2% during the 2nd quarter. Fifth Third Bancorp now owns 3,038 shares of the industrial products company’s stock worth $939,000 after purchasing an additional 36 shares during the period. Signaturefd LLC grew its holdings in shares of Zebra Technologies by 8.0% during the 2nd quarter. Signaturefd LLC now owns 512 shares of the industrial products company’s stock worth $158,000 after purchasing an additional 38 shares during the period. Czech National Bank increased its position in Zebra Technologies by 0.5% during the 1st quarter. Czech National Bank now owns 9,036 shares of the industrial products company’s stock worth $2,724,000 after purchasing an additional 41 shares in the last quarter. Finally, MJP Associates Inc. ADV raised its holdings in Zebra Technologies by 4.0% in the second quarter. MJP Associates Inc. ADV now owns 1,096 shares of the industrial products company’s stock valued at $339,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Up 3.4 %

ZBRA opened at $363.79 on Friday. The stock has a market capitalization of $18.76 billion, a PE ratio of 72.18 and a beta of 1.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $372.93. The firm’s fifty day moving average price is $335.03 and its 200 day moving average price is $313.56.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly 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. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $3.24 earnings per share. As a group, research analysts expect that Zebra Technologies Co. will post 11.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Stephens raised their price objective on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Vertical Research assumed coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price for the company. Truist Financial reiterated a “hold” rating and set a $345.00 target price (up from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. Finally, Barclays upped their price target on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $349.64.

Insider Activity

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, August 15th. The shares were 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 owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.06% of the company’s stock.

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.