Kentucky Retirement Systems Decreases Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Kentucky Retirement Systems trimmed its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,545 shares of the industrial products company’s stock after selling 48 shares during the period. Kentucky Retirement Systems’ holdings in Zebra Technologies were worth $1,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ZBRA. Sierra Ocean LLC purchased a new position in Zebra Technologies in the 4th quarter valued at approximately $28,000. Concord Wealth Partners purchased a new position in Zebra Technologies in the 3rd quarter valued at approximately $30,000. Fortitude Family Office LLC grew its stake in Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after buying an additional 59 shares in the last quarter. Ameliora Wealth Management Ltd. purchased a new position in Zebra Technologies in the 4th quarter valued at approximately $42,000. Finally, Blue Trust Inc. grew its stake in Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after buying an additional 67 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $311.05 on Monday. The company has a market capitalization of $15.98 billion, a P/E ratio of 30.56 and a beta of 1.63. The company has a fifty day moving average of $382.03 and a 200-day moving average of $373.80. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. As a group, equities research analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on ZBRA. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC cut their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday, February 14th. Truist Financial cut their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Morgan Stanley cut their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Finally, Barclays cut their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Five 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $381.42.

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.