Rowlandmiller & PARTNERS.ADV Reduces Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Rowlandmiller & PARTNERS.ADV cut its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 3.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,239 shares of the industrial products company’s stock after selling 560 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Zebra Technologies were worth $4,588,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Coldstream Capital Management Inc. boosted its holdings in Zebra Technologies by 6.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company’s stock valued at $460,000 after purchasing an additional 72 shares during the last quarter. Jones Financial Companies Lllp raised its position in Zebra Technologies by 334.4% during the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 525 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Zebra Technologies by 47.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company’s stock valued at $80,857,000 after acquiring an additional 67,742 shares during the period. LPL Financial LLC grew its stake in shares of Zebra Technologies by 14.8% during the 4th quarter. LPL Financial LLC now owns 33,806 shares of the industrial products company’s stock worth $13,057,000 after purchasing an additional 4,347 shares during the period. Finally, Vontobel Holding Ltd. increased its holdings in shares of Zebra Technologies by 16.6% during the 4th quarter. Vontobel Holding Ltd. now owns 118,517 shares of the industrial products company’s stock valued at $45,774,000 after purchasing an additional 16,852 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Trading Up 0.3%

NASDAQ:ZBRA opened at $299.56 on Wednesday. The company has a market capitalization of $15.23 billion, a PE ratio of 29.43 and a beta of 1.75. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76. The stock’s 50 day moving average price is $262.58 and its 200 day moving average price is $324.59. 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 (NASDAQ:ZBRA) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.42. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.84 EPS. On average, research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ZBRA shares. Robert W. Baird raised their target price on Zebra Technologies from $290.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Wall Street Zen downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Truist Financial decreased their target price on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. Needham & Company LLC reduced their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Finally, Morgan Stanley raised their price target on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 28th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $328.82.

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.