Cutter & CO Brokerage Inc. Trims Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Cutter & CO Brokerage Inc. reduced its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,693 shares of the industrial products company’s stock after selling 401 shares during the period. Zebra Technologies comprises 1.1% of Cutter & CO Brokerage Inc.’s portfolio, making the stock its 23rd largest holding. Cutter & CO Brokerage Inc.’s holdings in Zebra Technologies were worth $5,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cascade Investment Advisors Inc. boosted its position in shares of Zebra Technologies by 0.7% during the third quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company’s stock worth $1,625,000 after acquiring an additional 30 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Zebra Technologies by 1.4% during the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock worth $821,000 after acquiring an additional 31 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Zebra Technologies by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 33 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Zebra Technologies by 3.1% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,163 shares of the industrial products company’s stock worth $431,000 after acquiring an additional 35 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Zebra Technologies by 1.2% during the second quarter. Fifth Third Bancorp now owns 3,038 shares of the industrial products company’s stock valued at $939,000 after purchasing an additional 36 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

ZBRA stock traded up $23.97 during trading on Tuesday, reaching $387.55. The company had a trading volume of 230,646 shares, compared to its average volume of 351,265. The firm has a 50-day simple moving average of $356.25 and a 200-day simple moving average of $328.53. The company has a market cap of $19.99 billion, a price-to-earnings ratio of 87.23 and a beta of 1.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $394.57.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating the consensus estimate of $2.48 by $0.70. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.24 EPS. As a group, sell-side analysts expect that Zebra Technologies Co. will post 11.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays increased their price objective on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Stephens increased their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. TD Cowen increased their price objective on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Vertical Research assumed coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price for the company. Finally, Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $367.00.

Insider Activity

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the sale, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.04% of the company’s stock.

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.