ZWJ Investment Counsel Inc. Decreases Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

ZWJ Investment Counsel Inc. trimmed its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 17.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,313 shares of the industrial products company’s stock after selling 5,598 shares during the quarter. ZWJ Investment Counsel Inc. owned 0.05% of Zebra Technologies worth $7,192,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ZBRA. Metis Global Partners LLC increased its position in Zebra Technologies by 20.0% in the third quarter. Metis Global Partners LLC now owns 1,865 shares of the industrial products company’s stock worth $441,000 after buying an additional 311 shares during the last quarter. Victory Capital Management Inc. increased its position in Zebra Technologies by 218.3% in the third quarter. Victory Capital Management Inc. now owns 126,686 shares of the industrial products company’s stock worth $29,965,000 after buying an additional 86,888 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Zebra Technologies by 487.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 64,202 shares of the industrial products company’s stock worth $17,548,000 after buying an additional 53,265 shares during the last quarter. JPMorgan Chase & Co. increased its position in Zebra Technologies by 20.0% in the third quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock worth $186,648,000 after buying an additional 131,383 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in Zebra Technologies by 255.3% in the third quarter. Schonfeld Strategic Advisors LLC now owns 6,100 shares of the industrial products company’s stock worth $1,443,000 after buying an additional 4,383 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Zebra Technologies Trading Down 1.8 %

Shares of NASDAQ ZBRA traded down $4.96 during midday trading on Friday, reaching $268.07. The company had a trading volume of 351,507 shares, compared to its average volume of 376,313. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $320.55. The company has a quick ratio of 0.54, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The firm’s fifty day moving average price is $284.42 and its 200-day moving average price is $252.86. The stock has a market cap of $13.77 billion, a PE ratio of 46.95 and a beta of 1.79.

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

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is currently owned by corporate insiders.

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.