WCM Investment Management LLC Lowers Position in Zebra Technologies Co. (NASDAQ:ZBRA)

WCM Investment Management LLC decreased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,056 shares of the industrial products company’s stock after selling 445 shares during the period. WCM Investment Management LLC’s holdings in Zebra Technologies were worth $3,476,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ZBRA. Cascade Investment Advisors Inc. grew its stake in Zebra Technologies by 0.6% in the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock worth $1,704,000 after purchasing an additional 25 shares during the period. KPP Advisory Services LLC grew its position in shares of Zebra Technologies by 2.3% in the 3rd quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock worth $461,000 after buying an additional 28 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Zebra Technologies by 24.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 30 shares in the last quarter. Private Advisor Group LLC lifted its position in Zebra Technologies by 1.4% during the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock valued at $821,000 after acquiring an additional 31 shares during the period. Finally, Metis Global Partners LLC boosted its stake in Zebra Technologies by 1.9% during the third quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock worth $611,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ZBRA shares. Needham & Company LLC raised their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial lifted their price objective on Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. TD Cowen increased their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price target on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Finally, StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $401.25.

Zebra Technologies Stock Down 3.5 %

ZBRA opened at $363.44 on Monday. Zebra Technologies Co. has a twelve month low of $243.49 and a twelve month high of $427.76. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average price of $397.18 and a 200-day moving average price of $373.33. The stock has a market capitalization of $18.75 billion, a price-to-earnings ratio of 49.45 and a beta of 1.63.

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.