Kentucky Retirement Systems Insurance Trust Fund Trims Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,527 shares of the industrial products company’s stock after selling 131 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Zebra Technologies were worth $565,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Zebra Technologies by 1.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company’s stock worth $447,828,000 after buying an additional 24,058 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Zebra Technologies by 44.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after acquiring an additional 425,207 shares in the last quarter. Boston Partners boosted its holdings in Zebra Technologies by 9.7% during the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after acquiring an additional 98,045 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Zebra Technologies by 4.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company’s stock valued at $158,001,000 after acquiring an additional 18,922 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Zebra Technologies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock valued at $120,650,000 after acquiring an additional 21,534 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.04% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several research reports. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Truist Financial reiterated a “hold” rating and set a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Vertical Research assumed coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target for the company. Needham & Company LLC increased their price objective on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Trading Down 0.4 %

ZBRA opened at $384.28 on Tuesday. The business’s 50-day simple moving average is $370.36 and its 200-day simple moving average is $338.81. The company has a market cap of $19.82 billion, a P/E ratio of 52.28 and a beta of 1.64. Zebra Technologies Co. has a one year low of $216.60 and a one year high of $405.62. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company earned $0.57 earnings per share. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. As a group, equities research analysts expect that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

About Zebra Technologies

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.