Zebra Technologies Co. (NASDAQ:ZBRA) is New South Capital Management Inc.’s 3rd Largest Position

New South Capital Management Inc. reduced its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 437,020 shares of the industrial products company’s stock after selling 20,106 shares during the quarter. Zebra Technologies accounts for about 7.1% of New South Capital Management Inc.’s investment portfolio, making the stock its 3rd largest holding. New South Capital Management Inc. owned about 0.85% of Zebra Technologies worth $168,786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Arizona State Retirement System boosted its stake in shares of Zebra Technologies by 1.5% during the 4th quarter. Arizona State Retirement System now owns 14,960 shares of the industrial products company’s stock valued at $5,778,000 after buying an additional 228 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Zebra Technologies during the 4th quarter valued at approximately $24,314,000. Assetmark Inc. raised its position in shares of Zebra Technologies by 5,595.4% during the 4th quarter. Assetmark Inc. now owns 8,657 shares of the industrial products company’s stock valued at $3,343,000 after acquiring an additional 8,505 shares in the last quarter. Keybank National Association OH raised its position in shares of Zebra Technologies by 7.4% during the 4th quarter. Keybank National Association OH now owns 1,140 shares of the industrial products company’s stock valued at $440,000 after acquiring an additional 79 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Zebra Technologies by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 307,889 shares of the industrial products company’s stock valued at $118,913,000 after acquiring an additional 8,910 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Anders Gustafsson bought 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley dropped their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Truist Financial dropped their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Barclays dropped their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Needham & Company LLC dropped their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, UBS Group dropped their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $304.00 on Thursday. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The firm has a market capitalization of $15.62 billion, a PE ratio of 29.86 and a beta of 1.63. The firm has a 50-day moving average price of $368.61 and a 200 day moving average price of $372.30. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. On average, sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

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.