WASHINGTON TRUST Co lowered its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 5.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,009 shares of the industrial products company’s stock after selling 3,207 shares during the quarter. WASHINGTON TRUST Co owned 0.11% of Zebra Technologies worth $28,145,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CVA Family Office LLC acquired a new stake in Zebra Technologies in the 1st quarter valued at approximately $33,000. West Oak Capital LLC bought a new stake in shares of Zebra Technologies in the 1st quarter worth approximately $34,000. Ancora Advisors LLC lifted its position in shares of Zebra Technologies by 47.9% in the 4th quarter. Ancora Advisors LLC now owns 71 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 23 shares during the period. Huntington National Bank lifted its position in shares of Zebra Technologies by 1,116.7% in the 1st quarter. Huntington National Bank now owns 73 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 67 shares during the period. Finally, Adirondack Trust Co. lifted its position in shares of Zebra Technologies by 166.7% in the 4th quarter. Adirondack Trust Co. now owns 80 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 50 shares during the period. 86.36% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ ZBRA opened at $479.05 on Tuesday. The stock has a fifty day moving average of $488.12 and a 200-day moving average of $416.17. The stock has a market capitalization of $25.61 billion, a P/E ratio of 52.70 and a beta of 1.54. Zebra Technologies Co. has a 52 week low of $215.52 and a 52 week high of $518.66. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.42 and a current ratio of 0.79.
In related news, CEO Anders Gustafsson sold 15,865 shares of Zebra Technologies stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $479.39, for a total transaction of $7,605,522.35. Following the completion of the sale, the chief executive officer now directly owns 205,934 shares of the company’s stock, valued at $98,722,700.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael Cho sold 337 shares of Zebra Technologies stock in a transaction on Thursday, March 4th. The stock was sold at an average price of $495.98, for a total value of $167,145.26. Following the sale, the senior vice president now directly owns 4,639 shares of the company’s stock, valued at $2,300,851.22. The disclosure for this sale can be found here. Insiders sold a total of 51,535 shares of company stock valued at $25,429,582 over the last three months. Insiders own 2.00% of the company’s stock.
ZBRA has been the subject of a number of research reports. Morgan Stanley reiterated an “underweight” rating and issued a $410.00 price objective (up previously from $380.00) on shares of Zebra Technologies in a research report on Tuesday, April 27th. Needham & Company LLC raised their price objective on Zebra Technologies from $445.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, February 12th. Zacks Investment Research upgraded Zebra Technologies from a “hold” rating to a “buy” rating and set a $574.00 target price for the company in a research report on Friday, February 26th. Northcoast Research upgraded Zebra Technologies from a “neutral” rating to a “buy” rating and set a $560.00 target price for the company in a research report on Monday, March 29th. Finally, William Blair restated a “market perform” rating on shares of Zebra Technologies in a research report on Friday, February 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $411.13.
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, which produce labels, wristbands, tickets, receipts, and plastic cards; RFID printers and encoders; accessories and options for its printers, including 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, as well as self-laminating wristbands for use in laser printers.
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