Teachers Retirement System of The State of Kentucky Sells 26,620 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Teachers Retirement System of The State of Kentucky trimmed its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 87.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,859 shares of the industrial products company’s stock after selling 26,620 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Zebra Technologies were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ZBRA. First Horizon Advisors Inc. grew its position in shares of Zebra Technologies by 200.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 594 shares of the industrial products company’s stock valued at $184,000 after purchasing an additional 396 shares during the period. Fifth Third Bancorp raised its holdings in Zebra Technologies by 1.2% during the 2nd quarter. Fifth Third Bancorp now owns 3,038 shares of the industrial products company’s stock worth $939,000 after buying an additional 36 shares during the period. Atria Wealth Solutions Inc. lifted its stake in Zebra Technologies by 150.4% in the second quarter. Atria Wealth Solutions Inc. now owns 4,194 shares of the industrial products company’s stock valued at $1,296,000 after buying an additional 2,519 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Zebra Technologies in the second quarter valued at approximately $251,000. Finally, Lecap Asset Management Ltd. bought a new stake in shares of Zebra Technologies during the second quarter worth $744,000. 91.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. UBS Group boosted their price target on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Barclays lifted their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley upped their price target on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $396.27.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $395.00 on Wednesday. The firm has a market capitalization of $20.37 billion, a P/E ratio of 53.74 and a beta of 1.63. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The firm’s fifty day moving average price is $389.98 and its two-hundred day moving average price is $351.56. Zebra Technologies Co. has a 1 year low of $233.95 and a 1 year high of $413.43.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm earned $0.57 EPS. Zebra Technologies’s quarterly revenue was up 31.3% compared to the same quarter last year. As a group, research analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current year.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.06% of the company’s stock.

About Zebra Technologies

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.