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

Teachers Retirement System of The State of Kentucky cut its position in Zebra Technologies Co. (NASDAQ:ZBRAGet Rating) by 4.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,882 shares of the industrial products company’s stock after selling 168 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Zebra Technologies were worth $1,606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ZBRA. Invesco Ltd. lifted its stake in Zebra Technologies by 3.7% in the 4th quarter. Invesco Ltd. now owns 710,784 shares of the industrial products company’s stock worth $423,059,000 after purchasing an additional 25,295 shares in the last quarter. Hilltop Holdings Inc. raised its position in shares of Zebra Technologies by 3.9% during the 4th quarter. Hilltop Holdings Inc. now owns 1,672 shares of the industrial products company’s stock valued at $995,000 after buying an additional 62 shares in the last quarter. Siemens Fonds Invest GmbH raised its position in shares of Zebra Technologies by 32.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 746 shares of the industrial products company’s stock valued at $446,000 after buying an additional 182 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Zebra Technologies by 55.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 9,985 shares of the industrial products company’s stock valued at $5,942,000 after buying an additional 3,579 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Zebra Technologies by 84.6% during the 4th quarter. GSA Capital Partners LLP now owns 790 shares of the industrial products company’s stock valued at $470,000 after buying an additional 362 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZBRA. UBS Group lowered their price objective on shares of Zebra Technologies from $510.00 to $495.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. TheStreet cut shares of Zebra Technologies from a “b-” rating to a “c+” rating in a research report on Monday, June 27th. Stephens lowered their price objective on shares of Zebra Technologies from $600.00 to $500.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 3rd. StockNews.com cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, June 9th. Finally, Needham & Company LLC lowered their price objective on shares of Zebra Technologies from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $453.33.

Insiders Place Their Bets

In other Zebra Technologies news, insider Stephen Edgar Williams sold 2,331 shares of the firm’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $328.50, for a total value of $765,733.50. Following the sale, the insider now owns 1,976 shares of the company’s stock, valued at approximately $649,116. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.94% of the company’s stock.

Zebra Technologies Price Performance

ZBRA stock opened at $285.08 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.56 and a current ratio of 0.85. Zebra Technologies Co. has a 52 week low of $281.66 and a 52 week high of $615.00. The firm’s fifty day moving average is $317.18 and its 200 day moving average is $343.00. The firm has a market cap of $14.76 billion, a P/E ratio of 22.03 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last released its earnings results on Tuesday, August 2nd. The industrial products company reported $4.61 EPS for the quarter, beating the consensus estimate of $3.93 by $0.68. Zebra Technologies had a net margin of 8.56% and a return on equity of 31.30%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm earned $4.17 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. Research analysts predict that Zebra Technologies Co. will post 16.89 earnings per share for the current year.

Zebra Technologies Profile

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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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.

Further Reading

Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Co. (NASDAQ:ZBRAGet Rating).

Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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