Hartford Investment Management Co. Lowers Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Posted by Defense World Staff on Apr 2nd, 2023

Hartford Investment Management Co. reduced its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,740 shares of the industrial products company’s stock after selling 1,182 shares during the quarter. Hartford Investment Management Co.’s holdings in Zebra Technologies were worth $959,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Zions Bancorporation N.A. boosted its stake in shares of Zebra Technologies by 1,100.0% during the 1st quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 55 shares in the last quarter. Mach 1 Financial Group LLC purchased a new position in Zebra Technologies in the 3rd quarter valued at about $25,000. Fiduciary Alliance LLC purchased a new position in Zebra Technologies in the 4th quarter valued at about $28,000. Achmea Investment Management B.V. purchased a new position in Zebra Technologies in the 3rd quarter valued at about $28,000. Finally, Ronald Blue Trust Inc. lifted its stake in Zebra Technologies by 81.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 114 shares of the industrial products company’s stock valued at $30,000 after buying an additional 51 shares in the last quarter. 85.16% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Up 2.9 %

Shares of NASDAQ ZBRA opened at $318.00 on Friday. The company has a 50 day simple moving average of $307.44 and a 200-day simple moving average of $279.89. The company has a market capitalization of $16.35 billion, a P/E ratio of 25.38 and a beta of 1.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.81 and a quick ratio of 0.44. Zebra Technologies Co. has a 1 year low of $224.87 and a 1 year high of $440.64.

Zebra Technologies (NASDAQ:ZBRA – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.16. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. Zebra Technologies had a net margin of 8.01% and a return on equity of 31.19%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.21 EPS. On average, equities research analysts predict that Zebra Technologies Co. will post 15.9 earnings per share for the current year.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of research reports. StockNews.com initiated coverage on shares of Zebra Technologies in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Needham & Company LLC raised their price target on shares of Zebra Technologies from $330.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Stephens raised their price target on shares of Zebra Technologies from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 21st. Robert W. Baird increased their price objective on shares of Zebra Technologies from $300.00 to $315.00 in a report on Tuesday, December 20th. Finally, Credit Suisse Group cut their price objective on shares of Zebra Technologies from $313.00 to $311.00 and set a “neutral” rating for the company in a report on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Zebra Technologies presently has a consensus rating of “Hold” and an average target price of $373.88.

Insider Transactions at Zebra Technologies

In other news, insider Michael Cho sold 1,600 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $292.38, for a total transaction of $467,808.00. Following the completion of the sale, the insider now owns 3,168 shares in the company, valued at approximately $926,259.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.11% of the company’s stock.

About Zebra Technologies

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Zebra Technologies Corp. engages in the design, manufacture, and sale of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.