Retirement Systems of Alabama Trims Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Retirement Systems of Alabama cut its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,319 shares of the industrial products company’s stock after selling 289 shares during the period. Retirement Systems of Alabama’s holdings in Zebra Technologies were worth $3,094,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ZBRA. Boston Partners purchased a new position in shares of Zebra Technologies during the 3rd quarter valued at about $115,392,000. Fort Pitt Capital Group LLC grew its position in shares of Zebra Technologies by 24,337.4% during the third quarter. Fort Pitt Capital Group LLC now owns 236,798 shares of the industrial products company’s stock worth $56,010,000 after purchasing an additional 235,829 shares in the last quarter. Causeway Capital Management LLC bought a new stake in Zebra Technologies during the 3rd quarter valued at approximately $48,995,000. JPMorgan Chase & Co. lifted its holdings in Zebra Technologies by 20.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock worth $186,648,000 after purchasing an additional 131,383 shares in the last quarter. Finally, London Co. of Virginia bought a new position in Zebra Technologies in the 3rd quarter worth approximately $27,300,000. Institutional investors own 91.03% of the company’s stock.

Insider Buying and Selling at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the sale, 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 SEC, which is available at this link. Company insiders own 1.04% of the company’s stock.

Wall Street Analyst Weigh In

ZBRA has been the topic of several research analyst reports. Needham & Company LLC boosted their target price on shares of Zebra Technologies from $320.00 to $352.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Stephens boosted their price target on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. UBS Group raised 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 boosted their target price on Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Truist Financial restated a “hold” rating and set a $315.00 price target (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies presently has an average rating of “Hold” and an average target price of $310.64.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $317.87 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99. The stock’s fifty day moving average is $291.37 and its 200 day moving average is $260.36. The firm has a market capitalization of $16.33 billion, a PE ratio of 63.07 and a beta of 1.76. 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 released its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.71. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business’s revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the business earned $3.59 EPS. On average, sell-side 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.