Bell Asset Management Ltd Has $5.53 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Bell Asset Management Ltd lessened its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 14.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,329 shares of the industrial products company’s stock after selling 2,438 shares during the period. Bell Asset Management Ltd’s holdings in Zebra Technologies were worth $5,534,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Zebra Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock worth $2,417,942,000 after acquiring an additional 55,130 shares during the period. State Street Corp lifted its position in Zebra Technologies by 3.4% in the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after purchasing an additional 70,771 shares during the period. Geode Capital Management LLC boosted its stake in Zebra Technologies by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company’s stock worth $491,935,000 after buying an additional 30,496 shares in the last quarter. Schroder Investment Management Group increased its holdings in Zebra Technologies by 62.8% in the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock valued at $379,930,000 after buying an additional 379,491 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Zebra Technologies by 3.0% in the 4th quarter. JPMorgan Chase & Co. now owns 934,609 shares of the industrial products company’s stock valued at $360,965,000 after buying an additional 27,544 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $223.49 on Monday. Zebra Technologies Co. has a 1 year low of $208.35 and a 1 year high of $427.76. 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 firm’s 50 day moving average is $316.88 and its 200-day moving average is $363.17. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 21.95 and a beta of 1.76.

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

Insider Activity at Zebra Technologies

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ZBRA shares. Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. Morgan Stanley lowered their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. UBS Group cut their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Robert W. Baird lowered their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Finally, Truist Financial cut their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $381.42.

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.