Sapient Capital LLC Buys New Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Sapient Capital LLC purchased a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,317 shares of the industrial products company’s stock, valued at approximately $633,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Zions Bancorporation N.A. grew its holdings in shares of Zebra Technologies by 1,100.0% in the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 55 shares during the last quarter. Clear Street Markets LLC grew its holdings in shares of Zebra Technologies by 92.5% in the first quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 49 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Zebra Technologies by 130.2% in the second quarter. Benjamin Edwards Inc. now owns 122 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 69 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Zebra Technologies by 60.2% in the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 56 shares during the last quarter. Finally, Centerpoint Advisors LLC bought a new position in shares of Zebra Technologies in the third quarter worth approximately $59,000. 91.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ZBRA. Barclays began coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price target on the stock. Truist Financial began coverage on shares of Zebra Technologies in a report on Thursday, March 14th. They issued a “hold” rating and a $300.00 price target on the stock. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target on the stock in a report on Monday, April 8th. Finally, StockNews.com lowered Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $278.64.

Insider Buying and Selling

In other news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the sale, the chief accounting officer now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is owned by insiders.

Zebra Technologies Stock Down 2.6 %

NASDAQ ZBRA opened at $289.68 on Friday. The stock’s 50 day moving average is $281.45 and its 200 day moving average is $251.30. The company has a current ratio of 1.05, a quick ratio of 0.54 and a debt-to-equity ratio of 0.67. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $320.55. The stock has a market cap of $14.88 billion, a PE ratio of 50.73 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm earned $4.43 EPS. The firm’s revenue was down 32.9% compared to the same quarter last year. Research analysts predict that Zebra Technologies Co. will post 9.76 EPS for the current fiscal year.

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.