Clearstead Trust LLC Sells 51 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Clearstead Trust LLC lessened its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 30.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 114 shares of the industrial products company’s stock after selling 51 shares during the period. Clearstead Trust LLC’s holdings in Zebra Technologies were worth $31,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its position in Zebra Technologies by 60.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 56 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Zebra Technologies during the fourth quarter worth $44,000. Centerpoint Advisors LLC acquired a new position in Zebra Technologies in the third quarter valued at $59,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Zebra Technologies during the 4th quarter worth about $69,000. Finally, GAMMA Investing LLC bought a new position in shares of Zebra Technologies in the 4th quarter worth about $78,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Buying and Selling at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the transaction, the chief accounting officer now owns 5,543 shares in the company, valued at approximately $1,548,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Down 1.0 %

Shares of Zebra Technologies stock traded down $3.12 on Friday, hitting $309.59. The company had a trading volume of 475,225 shares, compared to its average volume of 375,392. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.54 and a current ratio of 0.99. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $322.95. The stock has a 50 day moving average of $289.78 and a 200-day moving average of $258.79.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $3.59 EPS. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Zebra Technologies Co. will post 10.47 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on ZBRA shares. UBS Group upped their target price on Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a research report on Wednesday. TD Cowen lifted their price objective on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday. Stephens increased their target price on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday. Truist Financial restated a “hold” rating and issued a $315.00 price target (up from $300.00) on shares of Zebra Technologies in a report on Wednesday. Finally, Robert W. Baird upped their price objective on shares of Zebra Technologies from $312.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $310.64.

Zebra Technologies 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.