Teachers Retirement System of The State of Kentucky Reduces Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Teachers Retirement System of The State of Kentucky trimmed its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,479 shares of the industrial products company’s stock after selling 1,840 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.06% of Zebra Technologies worth $9,187,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Zebra Technologies by 0.4% in 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% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock valued at $414,117,000 after buying an additional 425,207 shares in the last quarter. Boston Partners lifted its position in shares of Zebra Technologies by 107.1% during the 4th quarter. Boston Partners now owns 1,010,774 shares of the industrial products company’s stock valued at $276,222,000 after buying an additional 522,779 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Zebra Technologies by 663.2% during the 4th quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock valued at $264,270,000 after buying an additional 840,169 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Zebra Technologies by 13.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 636,556 shares of the industrial products company’s stock valued at $173,990,000 after buying an additional 77,885 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ZBRA. Needham & Company LLC lifted their price objective on Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial reaffirmed a “hold” rating and set a $345.00 price objective (up from $315.00) on shares of Zebra Technologies in a research report on Wednesday. UBS Group lifted their price objective on Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. 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. Finally, 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 note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $349.64.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded down $20.28 during trading hours on Friday, reaching $322.30. The stock had a trading volume of 447,821 shares, compared to its average volume of 399,978. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.56 and a current ratio of 1.28. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $372.93. The company has a 50 day moving average price of $315.85 and a two-hundred day moving average price of $295.52. The stock has a market capitalization of $16.57 billion, a PE ratio of 63.95 and a beta of 1.65.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $3.24 EPS. The company’s revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 11.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the sale, the insider now owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

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.