Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group increased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 62.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 983,715 shares of the industrial products company’s stock after acquiring an additional 379,491 shares during the period. Schroder Investment Management Group owned approximately 1.91% of Zebra Technologies worth $379,930,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Zebra Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock valued at $2,417,942,000 after purchasing an additional 55,130 shares during the period. State Street Corp grew its holdings in Zebra Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after purchasing an additional 70,771 shares in the last quarter. Geode Capital Management LLC increased its stake in Zebra Technologies by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after buying an additional 14,237 shares during the period. JPMorgan Chase & Co. lifted its holdings in Zebra Technologies by 3.0% in the 4th quarter. JPMorgan Chase & Co. now owns 934,609 shares of the industrial products company’s stock worth $360,965,000 after buying an additional 27,544 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Zebra Technologies during the fourth quarter valued at about $201,420,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

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

Zebra Technologies Trading Down 1.5 %

Shares of NASDAQ ZBRA opened at $280.79 on Friday. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 27.58 and a beta of 1.68. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The stock’s 50 day simple moving average is $332.18 and its 200 day simple moving average is $365.85.

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

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.06% of the stock is owned by company insiders.

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.