Ground Swell Capital LLC purchased a new stake in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 761 shares of the industrial products company’s stock, valued at approximately $215,000.
Several other institutional investors have also bought and sold shares of the stock. Benjamin Edwards Inc. boosted its stake in Zebra Technologies by 5.7% in the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company’s stock valued at $251,000 after buying an additional 35 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Zebra Technologies by 1.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,866 shares of the industrial products company’s stock valued at $527,000 after buying an additional 35 shares in the last quarter. GTS Securities LLC boosted its stake in Zebra Technologies by 5.0% in the 4th quarter. GTS Securities LLC now owns 794 shares of the industrial products company’s stock valued at $307,000 after buying an additional 38 shares in the last quarter. Allworth Financial LP boosted its stake in Zebra Technologies by 29.7% in the 1st quarter. Allworth Financial LP now owns 192 shares of the industrial products company’s stock valued at $54,000 after buying an additional 44 shares in the last quarter. Finally, Utah Retirement Systems boosted its stake in Zebra Technologies by 0.5% in the 4th quarter. Utah Retirement Systems now owns 8,515 shares of the industrial products company’s stock valued at $3,289,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have commented on ZBRA. BNP Paribas raised Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 10th. Wall Street Zen lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Needham & Company LLC increased their price objective on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Truist Financial increased their price objective on shares of Zebra Technologies from $269.00 to $319.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Finally, BNP Paribas Exane raised shares of Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 price objective on the stock in a report on Thursday, July 10th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given 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 target price of $357.44.
Zebra Technologies Trading Up 2.9%
NASDAQ ZBRA opened at $337.80 on Thursday. The stock has a 50-day simple moving average of $315.28 and a 200 day simple moving average of $298.82. The company has a market capitalization of $17.18 billion, a PE ratio of 31.90 and a beta of 1.75. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76.
Zebra Technologies (NASDAQ:ZBRA – Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.30. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.18 earnings per share. Research analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current year.
Zebra Technologies announced that its Board of Directors has initiated a stock repurchase program on Tuesday, August 5th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to purchase up to 1.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
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.
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