Handelsbanken Fonder AB Buys 4,729 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Handelsbanken Fonder AB boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 12.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,748 shares of the industrial products company’s stock after purchasing an additional 4,729 shares during the quarter. Handelsbanken Fonder AB owned about 0.08% of Zebra Technologies worth $16,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in Zebra Technologies during the 3rd quarter worth approximately $247,000. Point72 DIFC Ltd bought a new position in Zebra Technologies during the 3rd quarter worth $2,113,000. Versor Investments LP acquired a new stake in shares of Zebra Technologies during the third quarter worth $1,752,000. LVM Capital Management Ltd. MI bought a new stake in shares of Zebra Technologies in the fourth quarter valued at about $643,000. Finally, Cerity Partners LLC grew its stake in shares of Zebra Technologies by 45.3% in the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after acquiring an additional 3,328 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Truist Financial cut their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research note 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. Citigroup assumed coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective for the company. Finally, Robert W. Baird reduced their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Stock Down 3.1 %

Shares of NASDAQ ZBRA opened at $311.05 on Friday. The company has a market cap of $16.04 billion, a price-to-earnings ratio of 30.56 and a beta of 1.63. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76. The stock has a 50-day moving average price of $383.89 and a two-hundred day moving average price of $373.03.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data 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 return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. As a group, analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

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.