CIBC Asset Management Inc Has $2.29 Million Position in Zebra Technologies Corporation $ZBRA

CIBC Asset Management Inc lowered its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA) by 88.7% in the third quarter, Holdings Channel.com reports. The firm owned 7,718 shares of the industrial products company’s stock after selling 60,727 shares during the period. CIBC Asset Management Inc’s holdings in Zebra Technologies were worth $2,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Fenimore Asset Management Inc grew its stake in Zebra Technologies by 0.6% during the 3rd quarter. Fenimore Asset Management Inc now owns 353,914 shares of the industrial products company’s stock valued at $105,169,000 after acquiring an additional 2,281 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Zebra Technologies by 1,826.5% during the third quarter. Nordea Investment Management AB now owns 997,495 shares of the industrial products company’s stock worth $292,705,000 after purchasing an additional 945,718 shares during the period. Rokos Capital Management LLP acquired a new stake in shares of Zebra Technologies during the second quarter worth approximately $21,037,000. JPMorgan Chase & Co. lifted its position in Zebra Technologies by 2.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,005,729 shares of the industrial products company’s stock worth $310,130,000 after buying an additional 27,620 shares in the last quarter. Finally, Amundi boosted its stake in shares of Zebra Technologies by 122.9% during the 2nd quarter. Amundi now owns 273,225 shares of the industrial products company’s stock valued at $87,539,000 after buying an additional 150,643 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $238.56 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.61 and a quick ratio of 1.19. The company has a fifty day moving average price of $251.92 and a 200 day moving average price of $285.60. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $405.93. The stock has a market cap of $12.09 billion, a P/E ratio of 24.05 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.13. Zebra Technologies had a return on equity of 18.08% and a net margin of 9.74%.The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the business posted $3.49 earnings per share. Zebra Technologies’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts anticipate that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Insider Activity

In related news, Director Satish Dhanasekaran purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average price of $233.12 per share, with a total value of $233,120.00. Following the purchase, the director directly owned 3,356 shares in the company, valued at $782,350.72. This represents a 42.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Truist Financial cut their price objective on Zebra Technologies from $331.00 to $291.00 and set a “hold” rating for the company in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Zebra Technologies in a research note on Wednesday, January 21st. Barclays boosted their price target on Zebra Technologies from $360.00 to $368.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Citigroup cut their price objective on shares of Zebra Technologies from $346.00 to $311.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Finally, Zacks Research upgraded shares of Zebra Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Zebra Technologies currently has an average rating of “Hold” and a consensus target price of $350.00.

About Zebra Technologies

Zebra Technologies Corporation is a global technology company specializing in marking, tracking and computer printing solutions. The company produces a wide range of hardware and software products designed to enable real-time visibility of assets, inventory and personnel across diverse industries. Its offerings help businesses automate data capture and streamline operations in environments such as retail, healthcare, manufacturing, transportation and logistics.

The company’s product portfolio includes barcode and RFID printers, mobile computing devices, barcode scanners, RFID readers and related supplies such as labels and tags.