California State Teachers Retirement System Boosts Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

California State Teachers Retirement System lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.3% in the first quarter, Holdings Channel reports. The firm owned 87,480 shares of the industrial products company’s stock after purchasing an additional 1,932 shares during the period. California State Teachers Retirement System’s holdings in Zebra Technologies were worth $26,370,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC raised its position in shares of Zebra Technologies by 210.3% during the 1st quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 82 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in Zebra Technologies during the first quarter worth about $36,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Zebra Technologies in the 4th quarter valued at $44,000. Wellington Shields & Co. LLC acquired a new position in shares of Zebra Technologies in the 1st quarter valued at $45,000. Finally, Tortoise Investment Management LLC boosted its position in Zebra Technologies by 100.0% during the 4th quarter. Tortoise Investment Management LLC now owns 200 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 100 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Trading Up 0.1 %

NASDAQ:ZBRA traded up $0.20 during trading hours on Thursday, hitting $351.39. 13,062 shares of the company were exchanged, compared to its average volume of 357,552. The stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 69.68 and a beta of 1.66. The company has a current ratio of 1.28, a quick ratio of 0.56 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $372.93. The company has a fifty day simple moving average of $315.57 and a 200 day simple moving average of $294.31.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the business earned $3.24 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts expect that Zebra Technologies Co. will post 10.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ZBRA shares. UBS Group lifted their price target on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Needham & Company LLC boosted their price target on Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research note on Wednesday. Truist Financial reaffirmed a “hold” rating and issued a $345.00 price target (up previously from $315.00) on shares of Zebra Technologies in a research note on Wednesday. Vertical Research began coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective on the stock. Finally, BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $258.00 to $305.00 in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $340.92.

Insider Buying and Selling at Zebra Technologies

In related news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the transaction, the insider now directly owns 3,809 shares in the company, valued at $1,220,822.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.06% of the company’s stock.

Zebra Technologies 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.