Keene & Associates Inc. Lowers Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Keene & Associates Inc. lowered its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,560 shares of the industrial products company’s stock after selling 139 shares during the period. Keene & Associates Inc.’s holdings in Zebra Technologies were worth $989,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ZBRA. Global Retirement Partners LLC raised its holdings in shares of Zebra Technologies by 20.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,071 shares of the industrial products company’s stock valued at $414,000 after purchasing an additional 184 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Zebra Technologies during the fourth quarter valued at approximately $50,000. Venturi Wealth Management LLC increased its holdings in Zebra Technologies by 28.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,319 shares of the industrial products company’s stock valued at $509,000 after buying an additional 290 shares during the period. Sanctuary Advisors LLC raised its stake in Zebra Technologies by 0.7% in the fourth quarter. Sanctuary Advisors LLC now owns 10,719 shares of the industrial products company’s stock worth $4,231,000 after buying an additional 76 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Zebra Technologies by 15.9% during the 4th quarter. Principal Financial Group Inc. now owns 127,953 shares of the industrial products company’s stock valued at $49,418,000 after acquiring an additional 17,536 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of analyst reports. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. 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 for the company. Needham & Company LLC cut their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Barclays decreased their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Finally, TD Cowen boosted their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $331.08 on Wednesday. The firm’s fifty day moving average is $388.62 and its two-hundred day moving average is $373.68. The firm has a market cap of $17.08 billion, a price-to-earnings ratio of 32.52 and a beta of 1.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) 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 company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Research analysts expect that Zebra Technologies Co. will post 14.82 EPS 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.