Washington Trust Advisors Inc. Sells 860 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Washington Trust Advisors Inc. trimmed its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,045 shares of the industrial products company's stock after selling 860 shares during the quarter. Zebra Technologies makes up 1.6% of Washington Trust Advisors Inc.'s holdings, making the stock its 20th largest position. Washington Trust Advisors Inc. owned about 0.10% of Zebra Technologies worth $19,328,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Zebra Technologies during the 4th quarter worth approximately $140,039,000. Arizona State Retirement System lifted its holdings 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 purchasing an additional 228 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Zebra Technologies during the fourth quarter worth $24,314,000. Assetmark Inc. increased its holdings in shares of Zebra Technologies by 5,595.4% in the fourth quarter. Assetmark Inc. now owns 8,657 shares of the industrial products company's stock valued at $3,343,000 after purchasing an additional 8,505 shares during the last quarter. Finally, Keybank National Association OH raised its position in shares of Zebra Technologies by 7.4% in the fourth quarter. Keybank National Association OH now owns 1,140 shares of the industrial products company's stock valued at $440,000 after purchasing an additional 79 shares during the period. 91.03% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

ZBRA has been the subject of several research analyst reports. Needham & Company LLC reduced their target price 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. UBS Group reduced their price objective on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Truist Financial decreased their target price on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Robert W. Baird dropped their price target on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Finally, Barclays decreased their price objective on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $381.42.

Zebra Technologies Price Performance

ZBRA stock traded down $9.33 during midday trading on Monday, reaching $283.36. 762,181 shares of the stock were exchanged, 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 fifty day moving average price of $364.64 and a 200 day moving average price of $371.75. 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 capitalization of $14.56 billion, a PE ratio of 27.83 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). The firm 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, analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Activity

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

About Zebra Technologies

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.