Washington Trust Advisors Inc. Reduces Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Washington Trust Advisors Inc. trimmed its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,045 shares of the industrial products company’s stock after selling 860 shares during the quarter. Zebra Technologies accounts for about 1.6% of Washington Trust Advisors Inc.’s portfolio, making the stock its 20th largest position. Washington Trust Advisors Inc.’s holdings in Zebra Technologies were worth $19,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZBRA. Raymond James Financial Inc. purchased a new stake in Zebra Technologies during the 4th quarter valued at about $140,039,000. Arizona State Retirement System grew its stake in Zebra Technologies by 1.5% during the 4th quarter. Arizona State Retirement System now owns 14,960 shares of the industrial products company’s stock valued at $5,778,000 after purchasing an additional 228 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Zebra Technologies during the 4th quarter valued at about $24,314,000. Assetmark Inc. grew its stake in Zebra Technologies by 5,595.4% during the 4th quarter. Assetmark Inc. now owns 8,657 shares of the industrial products company’s stock valued at $3,343,000 after purchasing an additional 8,505 shares during the last quarter. Finally, Keybank National Association OH grew its stake in Zebra Technologies by 7.4% during the 4th quarter. Keybank National Association OH now owns 1,140 shares of the industrial products company’s stock valued at $440,000 after purchasing an additional 79 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $304.00 on Thursday. 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 Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The business’s 50-day moving average price is $368.61 and its 200 day moving average price is $372.30. The firm has a market cap of $15.62 billion, a P/E ratio of 29.86 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. On average, equities research analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ZBRA. Needham & Company LLC dropped their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Truist Financial lowered their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. UBS Group lowered their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Robert W. Baird lowered their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Finally, Barclays lowered their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Insider Activity

In related news, Director Anders Gustafsson acquired 500 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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.