New York State Common Retirement Fund Sells 1,406 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

New York State Common Retirement Fund decreased its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 4.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 33,579 shares of the industrial products company’s stock after selling 1,406 shares during the quarter. New York State Common Retirement Fund’s holdings in Zebra Technologies were worth $12,969,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Kestra Investment Management LLC purchased a new position in Zebra Technologies in the fourth quarter worth $50,000. Venturi Wealth Management LLC lifted its stake in Zebra Technologies by 28.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,319 shares of the industrial products company’s stock worth $509,000 after purchasing an additional 290 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Zebra Technologies by 0.7% in the 4th quarter. Sanctuary Advisors LLC now owns 10,719 shares of the industrial products company’s stock worth $4,231,000 after purchasing an additional 76 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Zebra Technologies by 15.9% during the 4th quarter. Principal Financial Group Inc. now owns 127,953 shares of the industrial products company’s stock valued at $49,418,000 after purchasing an additional 17,536 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of Zebra Technologies during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ZBRA. UBS Group cut their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Robert W. Baird decreased their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Truist Financial cut their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, Needham & Company LLC decreased their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Stock Down 3.1 %

Shares of NASDAQ:ZBRA opened at $311.05 on Monday. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The stock’s 50-day moving average is $382.03 and its 200 day moving average is $373.80. The company has a market cap of $15.98 billion, a PE ratio of 30.56 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current 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.