Retirement Systems of Alabama Trims Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Retirement Systems of Alabama lessened its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,213 shares of the industrial products company’s stock after selling 129 shares during the period. Retirement Systems of Alabama’s holdings in Zebra Technologies were worth $4,152,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ZBRA. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zebra Technologies in the second quarter valued at about $27,000. Farmers & Merchants Investments Inc. increased its holdings in shares of Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 63 shares during the last quarter. Concord Wealth Partners acquired a new stake in shares of Zebra Technologies during the 3rd quarter valued at approximately $30,000. Blue Trust Inc. lifted its stake in Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the last quarter. Finally, Crewe Advisors LLC boosted its holdings in Zebra Technologies by 1,290.9% in the second quarter. Crewe Advisors LLC now owns 153 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 142 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ZBRA. Morgan Stanley lifted their price target on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a report on Tuesday. Truist Financial lifted their target price on Zebra Technologies from $383.00 to $408.00 and gave the company a “hold” rating in a research note on Thursday. Robert W. Baird increased their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Needham & Company LLC boosted their price objective on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, UBS Group upped their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $398.55.

Insider Activity

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is owned by insiders.

Zebra Technologies Stock Performance

ZBRA stock opened at $385.37 on Friday. The company has a market capitalization of $19.88 billion, a P/E ratio of 52.43 and a beta of 1.63. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The company has a 50-day simple moving average of $390.50 and a 200 day simple moving average of $352.02. Zebra Technologies Co. has a fifty-two week low of $233.95 and a fifty-two week high of $413.43.

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

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.