Zebra Technologies Co. (NASDAQ:ZBRA) Stock Position Cut by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. lessened its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 58.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,258 shares of the industrial products company’s stock after selling 1,768 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Zebra Technologies were worth $486,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cascade Investment Advisors Inc. lifted its position in shares of Zebra Technologies by 0.6% in the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock worth $1,704,000 after purchasing an additional 25 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of Zebra Technologies by 0.3% in the third quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock worth $3,502,000 after purchasing an additional 27 shares in the last quarter. Equitable Trust Co. raised its position in Zebra Technologies by 1.7% during the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock valued at $618,000 after acquiring an additional 27 shares in the last quarter. KPP Advisory Services LLC raised its position in Zebra Technologies by 2.3% during the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock valued at $461,000 after acquiring an additional 28 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Zebra Technologies by 24.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ZBRA. UBS Group cut their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Citigroup began coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective on the stock. Needham & Company LLC cut their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Truist Financial cut their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Finally, Morgan Stanley cut their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Trading Down 0.6 %

Shares of ZBRA stock opened at $292.69 on Friday. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $364.64 and its two-hundred day moving average is $371.57. The company has a market cap of $15.04 billion, a PE ratio of 28.75 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Equities analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

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.