BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $52.95 Million Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 5.4% in the third quarter, Holdings Channel reports. The institutional investor owned 142,979 shares of the industrial products company’s stock after selling 8,161 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Zebra Technologies were worth $52,948,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in Zebra Technologies in the 3rd quarter worth about $247,000. Tidal Investments LLC boosted its position in shares of Zebra Technologies by 172.3% during the 1st quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock worth $1,154,000 after purchasing an additional 2,422 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Zebra Technologies by 23.0% during the second quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock worth $2,715,000 after purchasing an additional 1,643 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Zebra Technologies by 24.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company’s stock valued at $4,724,000 after buying an additional 2,979 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Zebra Technologies by 2.5% during the 2nd quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock worth $60,747,000 after purchasing an additional 4,750 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Needham & Company LLC lifted their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their price objective on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, October 30th. Barclays raised their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, UBS Group boosted their target price on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Trading Up 0.3 %

Shares of ZBRA opened at $407.00 on Friday. Zebra Technologies Co. has a 1 year low of $232.29 and a 1 year high of $409.03. The company has a 50 day simple moving average of $380.51 and a two-hundred day simple moving average of $344.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The firm has a market cap of $20.99 billion, a P/E ratio of 55.37 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business posted $0.57 EPS. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, equities analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.06% 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.