Rockefeller Capital Management L.P. Grows Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Rockefeller Capital Management L.P. boosted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,307 shares of the industrial products company’s stock after buying an additional 600 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Zebra Technologies were worth $5,910,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its position 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 purchased a new position in Zebra Technologies in the 4th quarter valued at $28,000. Picton Mahoney Asset Management acquired a new stake in Zebra Technologies during the 4th quarter worth $31,000. Avalon Trust Co purchased a new stake in shares of Zebra Technologies during the fourth quarter worth $35,000. Finally, Fortitude Family Office LLC raised its position in shares of Zebra Technologies by 159.5% in the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after buying an additional 59 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Up 0.9 %

Shares of NASDAQ ZBRA opened at $226.73 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $281.90 and its two-hundred day moving average is $352.66. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 22.27 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 during the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Research analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analyst Ratings Changes

ZBRA has been the subject of several research reports. Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. UBS Group dropped their price target 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. Citigroup reduced their price objective on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a research report on Monday. Truist Financial cut their target price on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Finally, Robert W. Baird lowered their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $343.36.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.84% of the company’s stock.

Zebra Technologies Company 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.