Citizens National Bank Trust Department Has $122,000 Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Citizens National Bank Trust Department lessened its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 315 shares of the industrial products company’s stock after selling 50 shares during the quarter. Citizens National Bank Trust Department’s holdings in Zebra Technologies were worth $122,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ZBRA. Sierra Ocean LLC bought a new position in Zebra Technologies during the 4th quarter worth about $28,000. Concord Wealth Partners bought a new position in Zebra Technologies during the 3rd quarter worth about $30,000. Fortitude Family Office LLC increased its holdings in Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 59 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new position in Zebra Technologies during the 4th quarter worth about $42,000. Finally, Blue Trust Inc. increased its holdings in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Down 1.9 %

Shares of NASDAQ:ZBRA opened at $324.75 on Thursday. The company has a 50-day simple moving average of $385.62 and a 200 day simple moving average of $373.40. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The company has a market capitalization of $16.75 billion, a P/E ratio of 31.90 and a beta of 1.63. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Sell-side analysts forecast that Zebra Technologies Co. will post 14.82 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays lowered their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Citigroup began coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective for the company. Morgan Stanley decreased their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, TD Cowen raised their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies has an average rating of “Moderate Buy” and a consensus price target of $381.42.

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.