Bank of Montreal Can Cuts Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Bank of Montreal Can reduced its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 40.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,963 shares of the industrial products company's stock after selling 31,087 shares during the quarter. Bank of Montreal Can owned 0.09% of Zebra Technologies worth $17,366,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Zebra Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock worth $2,417,942,000 after purchasing an additional 55,130 shares in the last quarter. Geode Capital Management LLC raised its holdings in Zebra Technologies by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock worth $491,935,000 after purchasing an additional 30,496 shares during the period. Schroder Investment Management Group grew its stake in Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock valued at $379,930,000 after acquiring an additional 379,491 shares during the period. JPMorgan Chase & Co. increased its stake in Zebra Technologies by 3.0% during the 4th quarter. JPMorgan Chase & Co. now owns 934,609 shares of the industrial products company's stock worth $360,965,000 after purchasing an additional 27,544 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Zebra Technologies by 181.1% during the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock worth $299,585,000 after acquiring an additional 499,736 shares during the period. Institutional investors own 91.03% of the company's stock.

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Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.84% of the company's stock.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock traded down $3.35 during trading on Wednesday, hitting $224.76. 735,449 shares of the stock traded hands, compared to its average volume of 430,749. The firm's fifty day moving average is $287.30 and its 200-day moving average is $354.55. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76. The stock has a market cap of $11.55 billion, a price-to-earnings ratio of 22.08 and a beta of 1.76.

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

Analysts Set New Price Targets

A number of research firms have recently commented on ZBRA. Morgan Stanley reduced their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Citigroup lowered their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday. Barclays decreased their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. UBS Group dropped 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. Finally, Truist Financial lowered their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Zebra Technologies has a consensus rating of "Moderate Buy" and an average target price of $343.36.

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.