Rowlandmiller & PARTNERS.ADV Decreases Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Rowlandmiller & PARTNERS.ADV decreased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,239 shares of the industrial products company’s stock after selling 560 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Zebra Technologies were worth $4,588,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. CX Institutional grew its holdings in shares of Zebra Technologies by 7.9% during the first quarter. CX Institutional now owns 1,111 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 81 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Zebra Technologies by 9.2% in the first quarter. Assenagon Asset Management S.A. now owns 34,711 shares of the industrial products company’s stock worth $9,808,000 after purchasing an additional 2,926 shares during the last quarter. SG Americas Securities LLC raised its holdings in Zebra Technologies by 168.3% during the 1st quarter. SG Americas Securities LLC now owns 6,366 shares of the industrial products company’s stock valued at $1,799,000 after buying an additional 3,993 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in shares of Zebra Technologies during the first quarter valued at about $573,000. Finally, Fenimore Asset Management Inc lifted its stake in Zebra Technologies by 0.5% in the first quarter. Fenimore Asset Management Inc now owns 322,978 shares of the industrial products company’s stock worth $91,261,000 after acquiring an additional 1,694 shares during the period. 91.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ZBRA shares. Needham & Company LLC decreased their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. UBS Group dropped their target price on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Truist Financial lowered their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, April 8th. Barclays cut their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. Finally, Morgan Stanley increased their price target on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 28th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $328.82.

Zebra Technologies Stock Up 0.3%

Zebra Technologies stock opened at $299.56 on Wednesday. Zebra Technologies Co. has a twelve month low of $205.73 and a twelve month high of $427.76. The business has a fifty day moving average of $262.58 and a two-hundred day moving average of $324.59. The firm has a market cap of $15.23 billion, a P/E ratio of 29.43 and a beta of 1.75. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $2.84 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

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.