CIBC Asset Management Inc Sells 339 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

CIBC Asset Management Inc trimmed its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,939 shares of the industrial products company’s stock after selling 339 shares during the period. CIBC Asset Management Inc owned about 0.13% of Zebra Technologies worth $25,472,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ZBRA. WCM Investment Management LLC increased its position in Zebra Technologies by 0.3% during the 3rd quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock valued at $3,502,000 after purchasing an additional 27 shares during the period. Cascade Investment Advisors Inc. raised its stake in Zebra Technologies by 0.7% in the third quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company’s stock worth $1,625,000 after buying an additional 30 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Zebra Technologies by 1.4% in the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock worth $821,000 after buying an additional 31 shares during the period. Metis Global Partners LLC boosted its position in Zebra Technologies by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock valued at $611,000 after acquiring an additional 31 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 33 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZBRA has been the topic of several research reports. Vertical Research initiated coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target on the stock. TD Cowen upped their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Truist Financial restated a “hold” rating and issued a $383.00 price objective (up previously from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Finally, Stephens lifted their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $385.18.

Insider Transactions at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $385.91 on Friday. Zebra Technologies Co. has a one year low of $212.40 and a one year high of $405.62. The stock has a 50-day moving average of $369.06 and a 200 day moving average of $337.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 52.50 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company earned $0.57 earnings per share. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. On average, sell-side analysts forecast that Zebra Technologies Co. will post 12.4 EPS 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.