SlateStone Wealth LLC Has $1.65 Million Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

SlateStone Wealth LLC decreased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,033 shares of the industrial products company’s stock after selling 359 shares during the quarter. SlateStone Wealth LLC’s holdings in Zebra Technologies were worth $1,649,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its holdings in shares of Zebra Technologies by 60.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 56 shares during the last quarter. Centerpoint Advisors LLC acquired a new position in shares of Zebra Technologies during the 3rd quarter worth approximately $59,000. Huntington National Bank increased its holdings in shares of Zebra Technologies by 104.0% during the 3rd quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 182 shares during the last quarter. ING Groep NV acquired a new position in shares of Zebra Technologies during the 3rd quarter worth approximately $105,000. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Zebra Technologies by 620.3% during the 3rd quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 459 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

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 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 completion of the sale, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.04% of the company’s stock.

Zebra Technologies Trading Up 1.9 %

NASDAQ ZBRA traded up $5.21 during trading hours on Tuesday, hitting $276.84. 106,506 shares of the company’s stock were exchanged, compared to its average volume of 371,895. The stock has a 50-day simple moving average of $284.67 and a 200 day simple moving average of $253.51. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $320.55. The firm has a market cap of $14.22 billion, a price-to-earnings ratio of 47.57 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.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, beating 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 firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm posted $4.43 earnings per share. The company’s revenue for the quarter was down 32.9% compared to the same quarter last year. On average, equities analysts forecast that Zebra Technologies Co. will post 9.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on ZBRA. Barclays began coverage on Zebra Technologies in a report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price objective on the stock. StockNews.com lowered Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective on the stock in a report on Monday, April 8th. Finally, Truist Financial assumed coverage on Zebra Technologies in a report on Thursday, March 14th. They issued a “hold” rating and a $300.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.