Ethic Inc. Raises Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Ethic Inc. grew its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 25.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,843 shares of the industrial products company’s stock after purchasing an additional 1,371 shares during the quarter. Ethic Inc.’s holdings in Zebra Technologies were worth $2,643,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Creative Financial Designs Inc. ADV grew its holdings in shares of Zebra Technologies by 102.9% in the fourth 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 Zebra Technologies in the 4th quarter valued at $28,000. Picton Mahoney Asset Management purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at $31,000. Avalon Trust Co bought a new stake in shares of Zebra Technologies during the 4th quarter worth $35,000. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of Zebra Technologies during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Up 0.5%

ZBRA opened at $266.76 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a one year low of $205.73 and a one year high of $427.76. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 26.20 and a beta of 1.74. The business has a 50 day simple moving average of $258.33 and a two-hundred day simple moving average of $338.57.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted $2.84 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of Zebra Technologies from $286.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. StockNews.com downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Citigroup lowered their target price on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. UBS Group cut their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Finally, Truist Financial decreased their target price on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $321.73.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.84% of the stock is currently 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.