Zebra Technologies Co. (NASDAQ:ZBRA) Stock Holdings Trimmed by Amalgamated Bank

Amalgamated Bank lessened its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,593 shares of the industrial products company’s stock after selling 218 shares during the period. Amalgamated Bank’s holdings in Zebra Technologies were worth $3,272,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Zebra Technologies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company’s stock worth $1,662,491,000 after purchasing an additional 22,327 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Zebra Technologies by 44.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after buying an additional 425,207 shares during the last quarter. Boston Partners boosted its holdings in shares of Zebra Technologies by 9.7% in the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after buying an additional 98,045 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Zebra Technologies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock valued at $120,650,000 after buying an additional 21,534 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Zebra Technologies by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 346,939 shares of the industrial products company’s stock worth $107,180,000 after acquiring an additional 7,117 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $362.39 on Tuesday. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $372.93. The firm has a market capitalization of $18.63 billion, a PE ratio of 71.90 and a beta of 1.65. The company’s 50 day simple moving average is $336.56 and its 200 day simple moving average is $315.00. 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 (NASDAQ:ZBRA) last posted its quarterly earnings data 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. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.24 EPS. As a group, equities research analysts forecast that Zebra Technologies Co. will post 11.12 EPS for the current fiscal year.

Analysts Set New Price Targets

ZBRA has been the subject of a number of research reports. TD Cowen lifted their target price on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Truist Financial restated a “hold” rating and set a $345.00 price objective (up previously from $315.00) on shares of Zebra Technologies in a research report on Wednesday, July 31st. 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 on the stock. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Stephens increased their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $349.64.

Insider Buying and Selling

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction that occurred 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 transaction, the insider now owns 9,694 shares in the company, valued at $3,312,342.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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.