Clearstead Trust LLC Reduces Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Clearstead Trust LLC cut its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 30.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 114 shares of the industrial products company’s stock after selling 51 shares during the period. Clearstead Trust LLC’s holdings in Zebra Technologies were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Metis Global Partners LLC increased its position in shares of Zebra Technologies by 20.0% during the 3rd quarter. Metis Global Partners LLC now owns 1,865 shares of the industrial products company’s stock valued at $441,000 after purchasing an additional 311 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Zebra Technologies by 218.3% during the third quarter. Victory Capital Management Inc. now owns 126,686 shares of the industrial products company’s stock valued at $29,965,000 after buying an additional 86,888 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Zebra Technologies by 487.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 64,202 shares of the industrial products company’s stock worth $17,548,000 after acquiring an additional 53,265 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Zebra Technologies by 20.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock worth $186,648,000 after acquiring an additional 131,383 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of Zebra Technologies by 255.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,100 shares of the industrial products company’s stock valued at $1,443,000 after acquiring an additional 4,383 shares during the period. Institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

ZBRA has been the topic of a number of recent research reports. StockNews.com raised Zebra Technologies from a “sell” rating to a “hold” rating in a report on Thursday. Truist Financial reaffirmed a “hold” rating and set a $315.00 price objective (up from $300.00) on shares of Zebra Technologies in a research report on Wednesday. Stephens boosted their price objective on Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday. Needham & Company LLC raised their target price on shares of Zebra Technologies from $320.00 to $352.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Robert W. Baird upped their price target on shares of Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies has a consensus rating of “Hold” and a consensus target price of $310.64.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the transaction, the chief accounting officer now owns 5,543 shares in the company, valued at $1,548,492.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is currently owned by insiders.

Zebra Technologies Price Performance

ZBRA stock traded down $3.12 during mid-day trading on Friday, hitting $309.59. The company had a trading volume of 475,225 shares, compared to its average volume of 375,392. The company has a 50-day moving average price of $289.78 and a 200 day moving average price of $258.79. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $322.95. The company has a market capitalization of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.59 earnings per share. On average, research analysts anticipate that Zebra Technologies Co. will post 10.47 earnings per share for the current year.

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.