Public Employees Retirement System of Ohio boosted its stake in shares of Zebra Technologies (NASDAQ:ZBRA) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 313,960 shares of the industrial products company’s stock after purchasing an additional 8,487 shares during the period. Public Employees Retirement System of Ohio owned about 0.58% of Zebra Technologies worth $49,992,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. PRW Wealth Management LLC bought a new position in Zebra Technologies during the fourth quarter valued at approximately $29,000. Lindbrook Capital LLC bought a new position in Zebra Technologies in the fourth quarter worth approximately $35,000. Rehmann Capital Advisory Group raised its position in Zebra Technologies by 966.7% in the third quarter. Rehmann Capital Advisory Group now owns 256 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 232 shares during the period. FNY Investment Advisers LLC raised its position in Zebra Technologies by 398.2% in the fourth quarter. FNY Investment Advisers LLC now owns 279 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 223 shares during the period. Finally, Karp Capital Management Corp bought a new position in Zebra Technologies in the fourth quarter worth approximately $48,000. Institutional investors own 87.51% of the company’s stock.

A number of brokerages have recently issued reports on ZBRA. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective (up from $215.00) on shares of Zebra Technologies in a research note on Thursday, March 7th. Berenberg Bank began coverage on shares of Zebra Technologies in a research note on Thursday, March 7th. They issued a “buy” rating and a $250.00 price objective for the company. Wellington Shields raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, December 27th. ValuEngine raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 28th. Finally, BidaskClub cut shares of Zebra Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 31st. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Zebra Technologies has a consensus rating of “Buy” and a consensus price target of $215.00.

Shares of NASDAQ:ZBRA traded up $2.57 on Tuesday, reaching $207.54. The company’s stock had a trading volume of 3,167 shares, compared to its average volume of 401,563. Zebra Technologies has a 52-week low of $130.79 and a 52-week high of $219.39. The stock has a market capitalization of $11.04 billion, a P/E ratio of 20.28 and a beta of 1.45. The company has a quick ratio of 0.49, a current ratio of 0.89 and a debt-to-equity ratio of 1.07.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Thursday, February 14th. The industrial products company reported $3.10 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.26. Zebra Technologies had a net margin of 9.98% and a return on equity of 48.26%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the company posted $2.33 EPS. The business’s revenue was up 10.8% on a year-over-year basis. On average, analysts expect that Zebra Technologies will post 11.73 earnings per share for the current year.

In other news, CEO Anders Gustafsson sold 13,073 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $200.71, for a total value of $2,623,881.83. Following the completion of the sale, the chief executive officer now owns 372,903 shares in the company, valued at approximately $74,845,361.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Jeffrey F. Schmitz sold 1,382 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $212.95, for a total transaction of $294,296.90. Following the completion of the sale, the chief marketing officer now owns 10,748 shares of the company’s stock, valued at approximately $2,288,786.60. The disclosure for this sale can be found here. Insiders sold a total of 114,894 shares of company stock valued at $23,721,363 in the last 90 days. Company insiders own 2.30% of the company’s stock.

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Zebra Technologies Company Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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