Central Pacific Bank Trust Division Sells 31 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Central Pacific Bank Trust Division lowered its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 274 shares of the industrial products company’s stock after selling 31 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Zebra Technologies were worth $106,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its stake in shares of Zebra Technologies by 20.6% during the second quarter. Commonwealth Equity Services LLC now owns 10,724 shares of the industrial products company’s stock valued at $3,313,000 after acquiring an additional 1,833 shares during the last quarter. Natixis Advisors LLC increased its holdings in Zebra Technologies by 45.1% in the second quarter. Natixis Advisors LLC now owns 20,253 shares of the industrial products company’s stock valued at $6,257,000 after purchasing an additional 6,292 shares during the period. TD Asset Management Inc raised its position in Zebra Technologies by 3.4% during the 2nd quarter. TD Asset Management Inc now owns 21,742 shares of the industrial products company’s stock worth $6,717,000 after purchasing an additional 709 shares during the last quarter. National Bank of Canada FI lifted its holdings in Zebra Technologies by 23.6% during the 2nd quarter. National Bank of Canada FI now owns 14,225 shares of the industrial products company’s stock worth $4,356,000 after buying an additional 2,720 shares during the period. Finally, Farmers & Merchants Investments Inc. grew its position in shares of Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after buying an additional 63 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TD Cowen raised their price objective on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. UBS Group upped their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC upped their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and a consensus price target of $398.55.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $391.86 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The firm’s 50-day simple moving average is $394.60 and its 200 day simple moving average is $358.58. The stock has a market cap of $20.21 billion, a price-to-earnings ratio of 53.31 and a beta of 1.64. Zebra Technologies Co. has a fifty-two week low of $233.95 and a fifty-two week high of $413.43.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. As a group, research analysts anticipate that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Insider Activity

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.06% of the stock is currently owned by corporate insiders.

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.