Zebra Technologies Co. (NASDAQ:ZBRA) Stock Position Lessened by New South Capital Management Inc.

New South Capital Management Inc. trimmed its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 464,022 shares of the industrial products company’s stock after selling 6,081 shares during the quarter. Zebra Technologies accounts for approximately 6.4% of New South Capital Management Inc.’s investment portfolio, making the stock its 3rd biggest position. New South Capital Management Inc. owned 0.90% of Zebra Technologies worth $143,350,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ZBRA. Vanguard Group Inc. increased its position in shares of Zebra Technologies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company’s stock worth $1,662,491,000 after acquiring an additional 22,327 shares during the period. Price T Rowe Associates Inc. MD raised its position in Zebra Technologies by 44.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock valued at $414,117,000 after purchasing an additional 425,207 shares in the last quarter. Boston Partners boosted its stake in shares of Zebra Technologies by 9.7% in the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after buying an additional 98,045 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Zebra Technologies by 13.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 636,556 shares of the industrial products company’s stock worth $173,990,000 after buying an additional 77,885 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Zebra Technologies during the fourth quarter worth approximately $102,886,000. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Analyst Ratings Changes

ZBRA has been the subject of a number of analyst reports. Truist Financial reiterated a “hold” rating and set a $345.00 target price (up previously from $315.00) on shares of Zebra Technologies in a research note on Wednesday, July 31st. Vertical Research assumed coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective for the company. Barclays raised their target price on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, TD Cowen increased their price target on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $349.64.

Zebra Technologies Trading Down 2.5 %

Shares of Zebra Technologies stock opened at $320.77 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 63.64 and a beta of 1.65. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $372.93. The company’s 50-day simple moving average is $329.94 and its 200-day simple moving average is $309.71.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company posted $3.24 earnings per share. Zebra Technologies’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities research analysts anticipate that Zebra Technologies Co. will post 11.09 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.