Veriti Management LLC Trims Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA) – Defense World
Posted by admin on Jun 26th, 2022 
Veriti Management LLC reduced its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 7.9% during the first quarter, Holdings Channel reports. The firm owned 923 shares of the industrial products company’s stock after selling 79 shares during the quarter. Veriti Management LLC’s holdings in Zebra Technologies were worth $382,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Strategy Asset Managers LLC increased its position in Zebra Technologies by 3.4% during the 1st quarter. Strategy Asset Managers LLC now owns 1,534 shares of the industrial products company’s stock valued at $635,000 after purchasing an additional 50 shares during the period. TRH Financial LLC increased its position in Zebra Technologies by 4.9% during the 1st quarter. TRH Financial LLC now owns 1,014 shares of the industrial products company’s stock valued at $419,000 after purchasing an additional 47 shares during the period. Nordea Investment Management AB increased its position in Zebra Technologies by 6.3% during the 1st quarter. Nordea Investment Management AB now owns 577,123 shares of the industrial products company’s stock valued at $248,146,000 after purchasing an additional 33,988 shares during the period. Everence Capital Management Inc. increased its position in Zebra Technologies by 68.7% during the 1st quarter. Everence Capital Management Inc. now owns 2,137 shares of the industrial products company’s stock valued at $884,000 after purchasing an additional 870 shares during the period. Finally, RB Capital Management LLC increased its position in Zebra Technologies by 19.3% during the 1st quarter. RB Capital Management LLC now owns 512 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 83 shares during the period. 85.30% of the stock is currently owned by institutional investors and hedge funds.
Zebra Technologies stock opened at $308.91 on Friday. The firm has a 50 day moving average of $337.62 and a 200 day moving average of $431.49. The firm has a market capitalization of $16.22 billion, a price-to-earnings ratio of 20.40 and a beta of 1.61. Zebra Technologies Co. has a 12-month low of $287.93 and a 12-month high of $615.00. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.31.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last released its earnings results on Tuesday, May 3rd. The industrial products company reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.28. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Zebra Technologies had a net margin of 14.25% and a return on equity of 31.20%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.47 EPS. On average, analysts predict that Zebra Technologies Co. will post 17.85 EPS for the current year.
Zebra Technologies announced that its Board of Directors has initiated a share repurchase plan on Tuesday, May 17th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the industrial products company to repurchase up to 5.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
A number of analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of Zebra Technologies to $540.00 in a research report on Friday, June 3rd. Robert W. Baird dropped their price target on shares of Zebra Technologies from $550.00 to $440.00 in a research note on Wednesday, May 4th. Morgan Stanley upgraded shares of Zebra Technologies from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $400.00 to $335.00 in a research note on Monday, May 23rd. JPMorgan Chase & Co. upgraded shares of Zebra Technologies from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $530.00 to $500.00 in a research note on Monday, April 4th. Finally, StockNews.com cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, June 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $502.50.
Zebra Technologies Company Profile (Get Rating)
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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.
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