Cutter & CO Brokerage Inc. Trims Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Cutter & CO Brokerage Inc. cut its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 8.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,234 shares of the industrial products company’s stock after selling 1,357 shares during the quarter. Zebra Technologies makes up approximately 1.1% of Cutter & CO Brokerage Inc.’s investment portfolio, making the stock its 19th biggest position. Cutter & CO Brokerage Inc.’s holdings in Zebra Technologies were worth $3,891,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. grew its position in Zebra Technologies by 60.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 56 shares during the last quarter. Centerpoint Advisors LLC purchased a new position in shares of Zebra Technologies in the third quarter valued at $59,000. GAMMA Investing LLC purchased a new position in shares of Zebra Technologies in the fourth quarter valued at $78,000. Huntington National Bank boosted its stake in Zebra Technologies by 104.0% during the third quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock worth $84,000 after buying an additional 182 shares during the period. Finally, ING Groep NV purchased a new position in Zebra Technologies during the third quarter worth $105,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Up 1.8 %

Shares of ZBRA stock traded up $4.93 during trading hours on Tuesday, reaching $276.56. 245,741 shares of the company’s stock were exchanged, compared to its average volume of 373,728. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $320.55. The stock has a market cap of $14.21 billion, a PE ratio of 48.43 and a beta of 1.79. 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 stock’s fifty day moving average price is $284.67 and its two-hundred day moving average price is $253.51.

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

Insider Activity at Zebra Technologies

In related news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the sale, the chief accounting officer now owns 5,543 shares in the company, valued at $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ZBRA. Wolfe Research upgraded 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. StockNews.com downgraded Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Barclays began coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 target price for the company. Finally, Truist Financial began coverage on Zebra Technologies in a research report on Thursday, March 14th. They set a “hold” rating and a $300.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Zebra Technologies has a consensus rating of “Hold” and a consensus price target of $278.64.

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.