Mn Services Vermogensbeheer B.V. Lowers Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Mn Services Vermogensbeheer B.V. trimmed its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,300 shares of the industrial products company’s stock after selling 400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Zebra Technologies were worth $6,271,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its stake in Zebra Technologies by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 33 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Zebra Technologies by 1.2% during the second quarter. Fifth Third Bancorp now owns 3,038 shares of the industrial products company’s stock valued at $939,000 after purchasing an additional 36 shares in the last quarter. Czech National Bank increased its holdings in shares of Zebra Technologies by 0.5% in the first quarter. Czech National Bank now owns 9,036 shares of the industrial products company’s stock worth $2,724,000 after purchasing an additional 41 shares during the last quarter. MJP Associates Inc. ADV lifted its position in shares of Zebra Technologies by 4.0% in the second quarter. MJP Associates Inc. ADV now owns 1,096 shares of the industrial products company’s stock worth $339,000 after buying an additional 42 shares in the last quarter. Finally, Cascade Investment Advisors Inc. boosted its stake in Zebra Technologies by 1.0% during the second quarter. Cascade Investment Advisors Inc. now owns 4,357 shares of the industrial products company’s stock valued at $1,346,000 after buying an additional 45 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Trading Up 2.8 %

Zebra Technologies stock traded up $9.46 during mid-day trading on Friday, hitting $351.62. The company’s stock had a trading volume of 196,336 shares, compared to its average volume of 453,077. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $372.93. The stock has a market cap of $18.14 billion, a PE ratio of 69.77 and a beta of 1.65. The company has a 50 day moving average of $322.86 and a 200-day moving average of $304.34. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.24 EPS. On average, research analysts anticipate that Zebra Technologies Co. will post 11.09 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ZBRA. UBS Group upped their price objective on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Truist Financial reaffirmed a “hold” rating and set a $345.00 price target (up previously from $315.00) on shares of Zebra Technologies in a research note on Wednesday, July 31st. Barclays lifted their price objective on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, TD Cowen lifted their price target on Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $349.64.

About Zebra Technologies

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.