Cwm LLC Has $175,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Cwm LLC lessened its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 13.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 640 shares of the industrial products company’s stock after selling 100 shares during the quarter. Cwm LLC’s holdings in Zebra Technologies were worth $175,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Boston Partners purchased a new stake in shares of Zebra Technologies in the third quarter valued at about $115,392,000. Fort Pitt Capital Group LLC grew its holdings in shares of Zebra Technologies by 24,337.4% in the third quarter. Fort Pitt Capital Group LLC now owns 236,798 shares of the industrial products company’s stock valued at $56,010,000 after acquiring an additional 235,829 shares in the last quarter. Causeway Capital Management LLC purchased a new stake in shares of Zebra Technologies during the third quarter valued at approximately $48,995,000. JPMorgan Chase & Co. lifted its holdings in Zebra Technologies by 20.0% during the third 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 period. Finally, London Co. of Virginia purchased a new position in Zebra Technologies in the third quarter worth $27,300,000. 91.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Robert W. Baird raised their target price on Zebra Technologies from $312.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday. StockNews.com upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday. Barclays initiated coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price target on the stock. Stephens increased their price objective on Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Truist Financial reissued a “hold” rating and issued a $315.00 price objective (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday. Two equities research 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, the company presently has an average rating of “Hold” and a consensus price target of $310.64.

Zebra Technologies Trading Down 1.0 %

Zebra Technologies stock opened at $309.59 on Friday. The stock has a market cap of $15.91 billion, a P/E ratio of 61.43 and a beta of 1.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.54 and a current ratio of 0.99. The firm’s fifty day moving average price is $289.78 and its 200-day moving average price is $258.44. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $322.95.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business earned $3.59 earnings per share. Zebra Technologies’s revenue for the quarter was down 16.4% compared to the same quarter last year. Equities research analysts forecast that Zebra Technologies Co. will post 10.03 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

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

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.