Candriam S.C.A. Decreases Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Candriam S.C.A. reduced its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 39.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,966 shares of the industrial products company's stock after selling 26,779 shares during the quarter. Candriam S.C.A. owned about 0.08% of Zebra Technologies worth $15,822,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $28,000. Fortitude Family Office LLC grew its holdings in Zebra Technologies by 159.5% in the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock worth $37,000 after purchasing an additional 59 shares during the period. Ameliora Wealth Management Ltd. acquired a new stake in Zebra Technologies in the fourth quarter worth $42,000. Kestra Investment Management LLC bought a new stake in Zebra Technologies in the fourth quarter valued at $50,000. Finally, Spire Wealth Management raised its holdings in shares of Zebra Technologies by 44.7% during the fourth quarter. Spire Wealth Management now owns 136 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 42 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.06% of the company's stock.

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Zebra Technologies Stock Down 3.2 %

Shares of ZBRA traded down $9.33 during trading hours on Monday, reaching $283.36. 762,181 shares of the stock traded hands, compared to its average volume of 381,491. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The company has a market cap of $14.56 billion, a price-to-earnings ratio of 27.83 and a beta of 1.68. The stock has a fifty day simple moving average of $364.64 and a 200 day simple moving average of $371.75. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. On average, equities analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on ZBRA. UBS Group reduced their target price on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Barclays reduced their price objective on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Citigroup started coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 target price on the stock. Morgan Stanley reduced 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 research report on Friday, February 14th. Finally, Needham & Company LLC decreased their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $381.42.

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 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.