Fifth Third Bancorp Reduces Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Fifth Third Bancorp decreased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,894 shares of the industrial products company’s stock after selling 49 shares during the quarter. Fifth Third Bancorp’s holdings in Zebra Technologies were worth $1,118,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Zebra Technologies by 2,423.5% during the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock worth $102,189,000 after buying an additional 265,014 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after acquiring an additional 89,765 shares during the last quarter. State Street Corp boosted its stake in Zebra Technologies by 3.4% in the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after acquiring an additional 70,771 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Zebra Technologies by 94.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after purchasing an additional 69,549 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Zebra Technologies by 158.4% during the third quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company’s stock worth $37,356,000 after purchasing an additional 61,842 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $399.59 on Thursday. The stock has a market capitalization of $20.61 billion, a price-to-earnings ratio of 54.37 and a beta of 1.64. The business’s 50 day moving average is $399.43 and its two-hundred day moving average is $370.38. Zebra Technologies Co. has a 12-month low of $233.95 and a 12-month high of $427.76. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. Research analysts expect that Zebra Technologies Co. will post 11.8 EPS for the current year.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of a number of research reports. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Truist Financial raised their target price on shares of Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Robert W. Baird upped their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. UBS Group raised their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley upped their target price on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and an average target price of $401.25.

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.