Boston Partners Reduces Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Boston Partners reduced its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,260,730 shares of the industrial products company’s stock after selling 63,463 shares during the period. Boston Partners owned about 2.44% of Zebra Technologies worth $487,020,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. 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 buying an additional 70,771 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 valued at $459,766,000 after buying an additional 14,237 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after buying an additional 89,765 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Zebra Technologies by 2.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock valued at $169,016,000 after buying an additional 10,956 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Zebra Technologies during the 4th quarter valued at $140,039,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Up 2.3 %

Shares of NASDAQ ZBRA opened at $285.27 on Tuesday. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. The firm has a market cap of $14.66 billion, a price-to-earnings ratio of 28.02 and a beta of 1.68. 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’s 50-day simple moving average is $351.67 and its 200-day simple moving average is $368.97.

Zebra Technologies (NASDAQ:ZBRA) last announced 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 return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. As a group, equities analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ZBRA. Barclays lowered their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Citigroup began coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective on the stock. Morgan Stanley reduced their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. 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, February 18th. Finally, Needham & Company LLC reduced their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was purchased 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 directly owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.06% of the stock is owned by corporate 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.