Greatmark Investment Partners Inc. Has $3.66 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Greatmark Investment Partners Inc. decreased its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 3.0% in the fourth quarter, HoldingsChannel reports. The firm owned 13,377 shares of the industrial products company’s stock after selling 420 shares during the period. Greatmark Investment Partners Inc.’s holdings in Zebra Technologies were worth $3,656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZBRA. Czech National Bank boosted its stake in Zebra Technologies by 47.3% in the 3rd quarter. Czech National Bank now owns 8,972 shares of the industrial products company’s stock worth $2,122,000 after purchasing an additional 2,883 shares during the period. Asset Management One Co. Ltd. boosted its stake in Zebra Technologies by 5.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 22,011 shares of the industrial products company’s stock worth $5,206,000 after purchasing an additional 1,152 shares during the period. Handelsbanken Fonder AB lifted its position in Zebra Technologies by 2.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 50,648 shares of the industrial products company’s stock worth $11,980,000 after buying an additional 1,212 shares in the last quarter. Palmer Knight Co lifted its position in Zebra Technologies by 32.1% in the 3rd quarter. Palmer Knight Co now owns 23,425 shares of the industrial products company’s stock worth $5,541,000 after buying an additional 5,687 shares in the last quarter. Finally, Mcdaniel Terry & Co. lifted its position in Zebra Technologies by 888.9% in the 3rd quarter. Mcdaniel Terry & Co. now owns 37,291 shares of the industrial products company’s stock worth $8,820,000 after buying an additional 33,520 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Activity at Zebra Technologies

In related news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the transaction, the chief accounting officer now directly owns 5,543 shares in the company, valued at approximately $1,548,492.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.04% of the stock is currently owned by company insiders.

Zebra Technologies Stock Up 1.5 %

Shares of Zebra Technologies stock traded up $4.34 during midday trading on Monday, reaching $301.55. 303,131 shares of the company’s stock traded hands, compared to its average volume of 376,824. The company has a market cap of $15.49 billion, a price-to-earnings ratio of 52.05 and a beta of 1.79. The company’s 50 day simple moving average is $286.38 and its 200 day simple moving average is $255.33. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $320.55.

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

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of research analyst reports. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price for the company in a research report on Monday, April 8th. Truist Financial initiated coverage on shares of Zebra Technologies in a research report on Thursday, March 14th. They issued a “hold” rating and a $300.00 target price for the company. StockNews.com downgraded shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Finally, Barclays initiated coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $278.64.

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.