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

ZWJ Investment Counsel Inc. reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,046 shares of the industrial products company’s stock after selling 376 shares during the period. ZWJ Investment Counsel Inc. owned 0.05% of Zebra Technologies worth $9,645,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ZBRA. Vanguard Group Inc. lifted its holdings in shares of Zebra Technologies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company’s stock worth $1,662,491,000 after purchasing an additional 22,327 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Zebra Technologies by 1.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company’s stock worth $447,828,000 after purchasing an additional 24,058 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Zebra Technologies by 44.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after purchasing an additional 425,207 shares during the period. Boston Partners lifted its holdings in shares of Zebra Technologies by 9.7% during the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock worth $334,230,000 after purchasing an additional 98,045 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Zebra Technologies by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock worth $120,650,000 after purchasing an additional 21,534 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of several recent research reports. Vertical Research assumed coverage on Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target for the company. TD Cowen raised their target price on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Stephens raised their target price on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Truist Financial raised their target price on Zebra Technologies from $345.00 to $379.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Robert W. Baird raised their target price on Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $352.73.

Insiders Place Their Bets

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.04% of the stock is owned by corporate insiders.

Zebra Technologies Trading Up 0.1 %

Zebra Technologies stock opened at $375.50 on Thursday. The stock has a 50-day moving average price of $350.53 and a 200 day moving average price of $324.32. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $380.05. The stock has a market cap of $19.37 billion, a PE ratio of 84.76 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $3.24 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts predict that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal 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.