Mutual of America Capital Management LLC cuts stake in Zebra Technologies Co. (NASDAQ:ZBRA)


Mutual of America Capital Management LLC has sold its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA – Free Report) fell 4.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,875 shares of the industrial products company after selling 312 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Zebra Technologies were worth $1,879,000 at the end of the most recent reporting period.

A number of other major investors have also changed their holdings in ZBRA. Cambridge Investment Research Advisors Inc. increased its stake in Zebra Technologies shares by 13.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,815 shares of the industrial products company worth $1,165,000 after purchasing an additional 341 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Zebra Technologies shares by 102.2% in the first quarter. Panagora Asset Management Inc. now owns 2,230 shares of the industrial products company worth $923,000 after purchasing an additional 1,127 shares in the last quarter. Raymond James Trust NA grew its holdings in shares of Zebra Technologies by 45.0% in the first quarter. Raymond James Trust NA now owns 947 shares of the industrial products company’s stock worth $392,000 after purchasing an additional 294 shares in the last quarter. Sei Investments Co. increased its stake in Zebra Technologies shares by 28.9% in the first quarter. Sei Investments Co. now owns 27,317 shares of the industrial products company worth $11,251,000 after purchasing an additional 6,119 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its shareholding in Zebra Technologies by 97.4% in the first quarter. Canada Pension Plan Investment Board now owns 300 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s shares.

Zebra Technologies is trading 1.8% lower

NASDAQ ZBRA opened at $268.07 on Friday. The company’s 50-day moving average is $284.42 and its two-hundred-day moving average is $253.01. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $320.55. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54. The stock has a market cap of $13.77 billion, a price-to-earnings ratio of 46.95 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA – Get Free Report) last posted its 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. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The company had revenue of $1.01 billion for the quarter, compared to analyst expectations of $1 billion. In the same quarter of the previous year, the company posted earnings per share of $4.43. Zebra Technologies’ revenue for the quarter fell 32.9% compared to the same quarter last year. On average, sell-side analysts expect Zebra Technologies Co. will post earnings per share of 9.76 for the current year.

Changes in analyst ratings

ZBRA has been the subject of several recent research reports. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target for the stock in a research report on Monday, April 8. Barclays initiated coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They set an equalweight rating and a price target of €292.00 for the stock. Truist Financial initiated coverage on shares of Zebra Technologies in a research report on Thursday, March 14. They set a hold rating and a $300.00 price target for the stock. Finally, StockNews.com downgraded shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Three 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 data from MarketBeat, the stock currently has a consensus rating of ‘Hold’ and a consensus target price of $278.64.

Get our latest analysis on Zebra Technologies

Insider buying and selling at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares sold at an average price of $279.36, for a total transaction of $37,713.60. Following the sale, the Chief Accounting Officer now directly 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 can be accessed through the SEC’s website. 1.06% of the shares are currently owned by industry insiders.

Zebra Technologies Company Profile

(Free report)

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions to the automatic identification and data capture 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 sublimation thermal card printers that produce images and are used for personal identification, access control and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; printer accessories and options, including carrying cases, vehicle mounts and battery chargers; stock and custom thermal labels, receipts, ribbons, plastic cards and RFID tags for printers; and temperature monitoring labels used primarily in vaccine distribution.

Read further

Would you like to see which other hedge funds own ZBRA? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Zebra Technologies Co. (NASDAQ:ZBRA – Free Report).

Quarterly Institutional Ownership for Zebra Technologies (NASDAQ:ZBRA)



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