People s United Financial Inc. reduced its holdings in Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 11.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,405 shares of the industrial products company’s stock after selling 590 shares during the period. People s United Financial Inc.’s holdings in Zebra Technologies were worth $1,822,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. KRS Capital Management LLC acquired a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $29,000. Parkside Financial Bank & Trust grew its holdings in shares of Zebra Technologies by 58.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 68 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 25 shares in the last quarter. O Dell Group LLC acquired a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $50,000. Covestor Ltd acquired a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $58,000. Finally, Baldwin Brothers LLC MA acquired a new stake in shares of Zebra Technologies during the 1st quarter worth approximately $41,000. 85.30% of the stock is owned by institutional investors.
Zebra Technologies Stock Up 0.8 %
ZBRA stock opened at $349.41 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.56. The stock has a market capitalization of $18.10 billion, a P/E ratio of 27.00 and a beta of 1.64. The business has a 50-day moving average of $313.90 and a 200-day moving average of $369.00. Zebra Technologies Co. has a fifty-two week low of $283.72 and a fifty-two week high of $615.00.
Zebra Technologies announced that its board has initiated a stock repurchase plan on Tuesday, May 17th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on ZBRA shares. Stephens decreased their price objective on Zebra Technologies from $600.00 to $500.00 and set an “overweight” rating on the stock in a report on Wednesday, August 3rd. Morgan Stanley raised Zebra Technologies from an “underweight” rating to an “equal weight” rating and decreased their price target for the company from $400.00 to $335.00 in a research note on Monday, May 23rd. StockNews.com lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, June 9th. Robert W. Baird decreased their price target on Zebra Technologies from $550.00 to $440.00 in a research note on Wednesday, May 4th. Finally, Needham & Company LLC reduced their price objective on Zebra Technologies from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $453.33.
Insider Buying and Selling at Zebra Technologies
In other Zebra Technologies news, insider Stephen Edgar Williams sold 2,331 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $328.50, for a total value of $765,733.50. Following the sale, the insider now owns 1,976 shares in the company, valued at $649,116. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.94% 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, 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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