Pacer Advisors Inc. Cuts Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Pacer Advisors Inc. decreased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 11.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,697 shares of the industrial products company’s stock after selling 465 shares during the period. Pacer Advisors Inc.’s holdings in Zebra Technologies were worth $1,142,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ZBRA. Massmutual Trust Co. FSB ADV boosted its stake in shares of Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after buying an additional 33 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Zebra Technologies by 1.2% in the second quarter. Fifth Third Bancorp now owns 3,038 shares of the industrial products company’s stock valued at $939,000 after acquiring an additional 36 shares during the period. Signaturefd LLC boosted its position in Zebra Technologies by 8.0% in the second quarter. Signaturefd LLC now owns 512 shares of the industrial products company’s stock worth $158,000 after purchasing an additional 38 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Zebra Technologies by 15.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 292 shares of the industrial products company’s stock valued at $90,000 after purchasing an additional 38 shares during the period. Finally, Czech National Bank increased its position in shares of Zebra Technologies by 0.5% during the 1st quarter. Czech National Bank now owns 9,036 shares of the industrial products company’s stock valued at $2,724,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ZBRA shares. Vertical Research began coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective on the stock. Barclays lifted their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Truist Financial reaffirmed a “hold” rating and issued a $345.00 target price (up from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. Finally, Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $349.64.

Insider Buying and Selling at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is currently owned by corporate insiders.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $368.60 on Friday. The company has a market cap of $19.01 billion, a P/E ratio of 73.14 and a beta of 1.65. The business’s 50 day moving average price is $338.87 and its 200-day moving average price is $316.31. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $375.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.70. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.24 earnings per share. Sell-side analysts predict that Zebra Technologies Co. will post 11.12 earnings per share for the current year.

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.