Russell Investments Group Ltd. Boosts Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Russell Investments Group Ltd. grew its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 274.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,619 shares of the industrial products company’s stock after purchasing an additional 20,236 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of Zebra Technologies worth $7,555,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mackenzie Financial Corp raised its stake in Zebra Technologies by 5.0% in the third quarter. Mackenzie Financial Corp now owns 4,454 shares of the industrial products company’s stock valued at $1,026,000 after buying an additional 211 shares during the last quarter. IFM Investors Pty Ltd grew its position in Zebra Technologies by 5.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 11,229 shares of the industrial products company’s stock worth $2,656,000 after purchasing an additional 566 shares during the last quarter. Park Avenue Securities LLC acquired a new position in Zebra Technologies during the 3rd quarter valued at approximately $1,458,000. Inspire Advisors LLC increased its stake in Zebra Technologies by 11.5% during the 3rd quarter. Inspire Advisors LLC now owns 1,057 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 109 shares in the last quarter. Finally, TD Asset Management Inc lifted its stake in shares of Zebra Technologies by 1.5% during the third quarter. TD Asset Management Inc now owns 19,517 shares of the industrial products company’s stock worth $4,616,000 after buying an additional 290 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ZBRA shares. UBS Group raised their target price on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Stephens upped their target price on Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Needham & Company LLC raised their price target on shares of Zebra Technologies from $320.00 to $352.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Wolfe Research raised shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective on the stock in a report on Monday, April 8th. Finally, Truist Financial reissued a “hold” rating and set a $315.00 target price (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Zebra Technologies has a consensus rating of “Hold” and a consensus target price of $310.64.

Insider Activity at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.04% of the stock is owned by corporate insiders.

Zebra Technologies Stock Up 0.7 %

Zebra Technologies stock opened at $317.87 on Wednesday. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $322.95. The stock has a market capitalization of $16.33 billion, a PE ratio of 63.07 and a beta of 1.76. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56. The business has a 50 day simple moving average of $291.37 and a 200-day simple moving average of $260.36.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.71. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same period last year, the firm posted $3.59 earnings per share. On average, analysts anticipate that Zebra Technologies Co. will post 10.47 EPS 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.