Raymond James & Associates Buys 3,304 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Raymond James & Associates boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,023 shares of the industrial products company’s stock after buying an additional 3,304 shares during the quarter. Raymond James & Associates owned approximately 0.33% of Zebra Technologies worth $46,746,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in Zebra Technologies by 13.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,815 shares of the industrial products company’s stock valued at $1,165,000 after acquiring an additional 341 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Zebra Technologies by 102.2% during the first quarter. Panagora Asset Management Inc. now owns 2,230 shares of the industrial products company’s stock worth $923,000 after buying an additional 1,127 shares during the period. Raymond James Trust N.A. raised its stake in Zebra Technologies by 45.0% during the first quarter. Raymond James Trust N.A. now owns 947 shares of the industrial products company’s stock worth $392,000 after buying an additional 294 shares during the last quarter. Sei Investments Co. lifted its holdings in Zebra Technologies by 28.9% in the first quarter. Sei Investments Co. now owns 27,317 shares of the industrial products company’s stock valued at $11,251,000 after buying an additional 6,119 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in Zebra Technologies by 97.4% during the first quarter. Canada Pension Plan Investment Board now owns 300 shares of the industrial products company’s stock valued at $124,000 after acquiring an additional 148 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ZBRA. StockNews.com lowered Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Truist Financial started coverage on Zebra Technologies in a research note on Thursday, March 14th. They issued a “hold” rating and a $300.00 price target on the stock. Three analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $270.67.

Insider Transactions at Zebra Technologies

In related news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the transaction, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.06% of the stock is currently owned by insiders.

Zebra Technologies Trading Up 2.7 %

Shares of Zebra Technologies stock opened at $299.16 on Thursday. The stock has a market capitalization of $15.37 billion, a PE ratio of 52.39 and a beta of 1.78. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $320.55. The stock has a 50 day moving average price of $270.28 and a two-hundred day moving average price of $246.91. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.09. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the firm posted $4.43 EPS. Zebra Technologies’s revenue was down 32.9% compared to the same quarter last year. As a group, equities analysts anticipate that Zebra Technologies Co. will post 9.76 earnings per share for the current fiscal year.

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.