Rhumbline Advisers Has $36.18 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Rhumbline Advisers reduced its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,670 shares of the industrial products company's stock after selling 1,399 shares during the period. Rhumbline Advisers owned approximately 0.18% of Zebra Technologies worth $36,177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ZBRA. Concord Wealth Partners acquired a new position in shares of Zebra Technologies during the third quarter worth about $30,000. Fortitude Family Office LLC raised its holdings in shares of Zebra Technologies by 159.5% during 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 during the period. Ameliora Wealth Management Ltd. acquired a new position in Zebra Technologies during the 4th quarter worth approximately $42,000. Blue Trust Inc. boosted its holdings in Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock worth $43,000 after acquiring an additional 67 shares during the period. Finally, Spire Wealth Management lifted its position 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 worth $53,000 after purchasing an additional 42 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on ZBRA shares. Truist Financial cut their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Robert W. Baird cut their price target on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday. TD Cowen raised their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. UBS Group dropped their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Citigroup started coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $381.42.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded down $9.93 during mid-day trading on Friday, hitting $311.05. The company had a trading volume of 587,690 shares, compared to its average volume of 581,038. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The stock has a market cap of $16.04 billion, a price-to-earnings ratio of 30.56 and a beta of 1.63. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76. The firm's 50 day simple moving average is $383.89 and its two-hundred day simple moving average is $373.03.

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). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, equities research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current 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.