Greenleaf Trust Has $220,000 Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Greenleaf Trust cut its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 33.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 805 shares of the industrial products company’s stock after selling 400 shares during the period. Greenleaf Trust’s holdings in Zebra Technologies were worth $220,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Horizon Advisors Inc. raised its holdings in shares of Zebra Technologies by 60.2% in the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 56 shares during the last quarter. MJP Associates Inc. ADV raised its holdings in shares of Zebra Technologies by 7.5% in the fourth quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 64 shares during the last quarter. Portside Wealth Group LLC raised its holdings in shares of Zebra Technologies by 7.4% in the third quarter. Portside Wealth Group LLC now owns 1,049 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 72 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Zebra Technologies by 0.6% in the fourth quarter. Arizona State Retirement System now owns 14,110 shares of the industrial products company’s stock valued at $3,857,000 after purchasing an additional 79 shares during the last quarter. Finally, Wahed Invest LLC increased its holdings in Zebra Technologies by 11.9% during the third quarter. Wahed Invest LLC now owns 811 shares of the industrial products company’s stock worth $192,000 after buying an additional 86 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ZBRA. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price on the stock in a report on Monday, April 8th. Barclays began coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 target price on the stock. StockNews.com downgraded shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Finally, Truist Financial began coverage on shares of Zebra Technologies in a report on Thursday, March 14th. They set a “hold” rating and a $300.00 target price on the stock. Three equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $278.64.

Insider Activity

In other news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Trading Up 0.4 %

ZBRA stock opened at $277.53 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54. The company has a fifty day moving average price of $285.77 and a two-hundred day moving average price of $254.05. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $320.55. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 48.60 and a beta of 1.79.

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

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.