Knights of Columbus Asset Advisors LLC Purchases Shares of 4,336 Zebra Technologies Co. (NASDAQ:ZBRA)

Knights of Columbus Asset Advisors LLC purchased a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,336 shares of the industrial products company’s stock, valued at approximately $1,675,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV raised its holdings in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 36 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Zebra Technologies during the 4th quarter valued at about $28,000. Picton Mahoney Asset Management bought a new position in shares of Zebra Technologies during the 4th quarter valued at about $31,000. Avalon Trust Co bought a new position in shares of Zebra Technologies during the 4th quarter valued at about $35,000. Finally, Fortitude Family Office LLC increased its position in shares of Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Truist Financial reduced their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Citigroup assumed coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective on the stock. Morgan Stanley reduced their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. UBS Group reduced their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Barclays reduced their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Trading Up 1.7 %

NASDAQ ZBRA opened at $289.99 on Friday. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The stock has a 50 day simple moving average of $343.03 and a two-hundred day simple moving average of $367.25. The stock has a market cap of $14.90 billion, a P/E ratio of 28.49 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Insider Activity

In other news, Director Anders Gustafsson bought 500 shares of the stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is currently owned by company insiders.

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 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.