Public Employees Retirement System of Ohio Sells 925 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Public Employees Retirement System of Ohio decreased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,653 shares of the industrial products company’s stock after selling 925 shares during the quarter. Public Employees Retirement System of Ohio owned 0.09% of Zebra Technologies worth $16,906,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ZBRA. Point72 Asia Singapore Pte. Ltd. bought a new position in Zebra Technologies in the 2nd quarter valued at about $27,000. Farmers & Merchants Investments Inc. lifted its position in shares of Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after buying an additional 63 shares in the last quarter. Concord Wealth Partners bought a new position in shares of Zebra Technologies during the 3rd quarter worth approximately $30,000. Transcendent Capital Group LLC bought a new position in shares of Zebra Technologies during the 2nd quarter worth approximately $32,000. Finally, Blue Trust Inc. lifted its position in shares of Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ZBRA shares. Robert W. Baird lifted their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. TD Cowen raised their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley upgraded shares of Zebra Technologies from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $305.00 to $400.00 in a research note on Monday, December 2nd. Finally, Truist Financial restated a “hold” rating and set a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $393.82.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $401.78 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The company has a market capitalization of $20.72 billion, a P/E ratio of 54.66 and a beta of 1.64. The company has a fifty day moving average of $386.30 and a 200-day moving average of $348.62. Zebra Technologies Co. has a 52-week low of $233.95 and a 52-week high of $413.43.

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

Insiders Place Their Bets

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.04% of the stock is currently owned by insiders.

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.