Meritage Portfolio Management Cuts Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Meritage Portfolio Management trimmed its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 10.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,009 shares of the industrial products company’s stock after selling 232 shares during the quarter. Meritage Portfolio Management’s holdings in Zebra Technologies were worth $549,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new stake in Zebra Technologies in the 4th quarter worth about $44,000. South Dakota Investment Council boosted its holdings in Zebra Technologies by 282.1% in the 4th quarter. South Dakota Investment Council now owns 32,782 shares of the industrial products company’s stock worth $8,960,000 after buying an additional 24,202 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Zebra Technologies in the 4th quarter worth about $78,000. National Wealth Management Group LLC acquired a new stake in Zebra Technologies in the 4th quarter worth about $215,000. Finally, Larson Financial Group LLC boosted its holdings in Zebra Technologies by 47,775.0% in the 4th quarter. Larson Financial Group LLC now owns 1,915 shares of the industrial products company’s stock worth $523,000 after buying an additional 1,911 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zebra Technologies

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

Zebra Technologies Trading Up 1.1 %

ZBRA traded up $3.12 during trading hours on Friday, reaching $295.65. The company’s stock had a trading volume of 264,894 shares, compared to its average volume of 375,330. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $320.55. The stock has a market cap of $15.19 billion, a PE ratio of 51.23 and a beta of 1.79. The business’s 50-day moving average is $285.95 and its 200-day moving average is $254.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The firm’s quarterly revenue was down 32.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.43 earnings per share. As a group, equities research analysts predict that Zebra Technologies Co. will post 9.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Truist Financial assumed coverage on Zebra Technologies in a report on Thursday, March 14th. They set a “hold” rating and a $300.00 target price on the stock. Wolfe Research upgraded Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price on the stock in a report on Monday, April 8th. StockNews.com cut Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Finally, Barclays assumed coverage on Zebra Technologies in a report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 target price on the stock. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $278.64.

Zebra Technologies 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.