Teacher Retirement System of Texas Reduces Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Teacher Retirement System of Texas reduced its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 40.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,365 shares of the industrial products company’s stock after selling 1,620 shares during the quarter. Teacher Retirement System of Texas’ holdings in Zebra Technologies were worth $646,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. grew its holdings in 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 worth $264,270,000 after acquiring an additional 840,169 shares in the last quarter. Boston Partners bought a new position in Zebra Technologies during the 3rd quarter worth approximately $115,392,000. Fort Pitt Capital Group LLC grew its position in shares of Zebra Technologies by 24,337.4% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 236,798 shares of the industrial products company’s stock worth $56,010,000 after acquiring an additional 235,829 shares in the last quarter. Causeway Capital Management LLC bought a new stake in shares of Zebra Technologies in the 3rd quarter valued at approximately $48,995,000. Finally, JPMorgan Chase & Co. raised its position 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 valued at $186,648,000 after acquiring an additional 131,383 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ZBRA shares. Needham & Company LLC lifted their price objective on shares of Zebra Technologies from $352.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Truist Financial reaffirmed a “hold” rating and set a $315.00 price objective (up previously from $300.00) on shares of Zebra Technologies in a research report on Wednesday, May 1st. StockNews.com upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Robert W. Baird upped their target price on Zebra Technologies from $312.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Barclays assumed coverage on Zebra Technologies in a report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $312.27.

Insider Activity

In related news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the completion of the transaction, the insider now owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is owned by insiders.

Zebra Technologies Stock Performance

ZBRA stock opened at $327.00 on Friday. The company has a 50-day simple moving average of $300.90 and a 200 day simple moving average of $269.97. The company has a market capitalization of $16.81 billion, a P/E ratio of 64.88 and a beta of 1.76. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $328.70.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm posted $3.59 earnings per share. The business’s revenue was down 16.4% on a year-over-year basis. Sell-side analysts predict that Zebra Technologies Co. will post 10.76 earnings per share for the current fiscal 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.