Mesirow Financial Investment Management Inc. Sells 1,768 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Mesirow Financial Investment Management Inc. lowered its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 58.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,258 shares of the industrial products company's stock after selling 1,768 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Zebra Technologies were worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZBRA. Jackson Creek Investment Advisors LLC lifted its stake in Zebra Technologies by 16.9% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 790 shares of the industrial products company's stock valued at $305,000 after acquiring an additional 114 shares during the period. Callan Family Office LLC raised its holdings in shares of Zebra Technologies by 164.3% during the fourth quarter. Callan Family Office LLC now owns 4,768 shares of the industrial products company's stock valued at $1,842,000 after purchasing an additional 2,964 shares during the last quarter. E Fund Management Co. Ltd. boosted its holdings in Zebra Technologies by 44.6% in the fourth quarter. E Fund Management Co. Ltd. now owns 1,061 shares of the industrial products company's stock worth $410,000 after purchasing an additional 327 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Zebra Technologies in the 4th quarter worth approximately $140,039,000. Finally, Arizona State Retirement System raised its stake in Zebra Technologies by 1.5% during the 4th quarter. Arizona State Retirement System now owns 14,960 shares of the industrial products company's stock valued at $5,778,000 after buying an additional 228 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

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Zebra Technologies Price Performance

ZBRA traded down $1.15 during trading on Wednesday, reaching $279.18. 491,496 shares of the company traded hands, compared to its average volume of 383,762. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The firm has a fifty day simple moving average of $360.51 and a 200 day simple moving average of $370.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The company has a market cap of $14.34 billion, a P/E ratio of 27.42 and a beta of 1.68.

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 analysts' consensus estimates of $3.85 by ($0.23). The firm 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%. On average, equities analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Truist Financial cut their price objective on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a report on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price objective on the stock. UBS Group reduced their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Barclays cut their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Finally, Needham & Company LLC decreased their target price on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Five investment 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. Based on data from MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $381.42.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.04% of the company's stock.

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.