Sumitomo Mitsui Trust Holdings Inc. Has $116.16 Million Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 424,962 shares of the industrial products company’s stock after selling 2,557 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Zebra Technologies were worth $116,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Zebra Technologies by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,060,033 shares of the industrial products company’s stock valued at $1,433,380,000 after acquiring an additional 36,194 shares during the period. BlackRock Inc. raised its position in shares of Zebra Technologies by 8.0% in the 1st quarter. BlackRock Inc. now owns 3,812,577 shares of the industrial products company’s stock valued at $1,212,399,000 after acquiring an additional 280,844 shares during the period. State Street Corp raised its position in shares of Zebra Technologies by 1.6% in the 1st quarter. State Street Corp now owns 2,065,204 shares of the industrial products company’s stock valued at $656,732,000 after acquiring an additional 32,644 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Zebra Technologies by 4.9% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,646,301 shares of the industrial products company’s stock worth $389,400,000 after purchasing an additional 77,086 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Zebra Technologies by 65.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,361,482 shares of the industrial products company’s stock worth $402,767,000 after purchasing an additional 537,300 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ZBRA shares. Truist Financial started coverage on Zebra Technologies in a research note on Thursday, March 14th. They set a “hold” rating and a $300.00 target price for the company. StockNews.com cut Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Barclays started coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 target price for the company. Finally, Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price for the company in a research note on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Zebra Technologies currently has a consensus rating of “Hold” and a consensus target price of $278.64.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $280.42 on Wednesday. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $320.55. The company has a current ratio of 1.05, a quick ratio of 0.54 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $283.02 and a 200 day simple moving average of $252.31. The stock has a market capitalization of $14.41 billion, a PE ratio of 49.11 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.09. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the business earned $4.43 earnings per share. The firm’s revenue was down 32.9% on a year-over-year basis. On average, research analysts expect that Zebra Technologies Co. will post 9.76 EPS for the current fiscal year.

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.