Kovitz Investment Group Partners LLC Takes $107.25 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Kovitz Investment Group Partners LLC bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 277,701 shares of the industrial products company's stock, valued at approximately $107,254,000. Kovitz Investment Group Partners LLC owned about 0.54% of Zebra Technologies at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Zebra Technologies during the fourth quarter worth approximately $201,420,000. FMR LLC grew its holdings in Zebra Technologies by 181.1% in the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock valued at $299,585,000 after buying an additional 499,736 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock valued at $379,930,000 after acquiring an additional 379,491 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Zebra Technologies in the fourth quarter valued at about $140,039,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Zebra Technologies by 434.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock valued at $153,188,000 after acquiring an additional 322,475 shares in 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 traded up $2.16 during mid-day trading on Friday, hitting $246.24. 530,229 shares of the company traded hands, compared to its average volume of 434,763. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $269.94 and a two-hundred day moving average price of $346.83. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76. The stock has a market cap of $12.65 billion, a P/E ratio of 24.19 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, equities research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ZBRA. UBS Group cut their target price on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Citigroup reduced their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Robert W. Baird lowered their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Barclays reduced their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Finally, Morgan Stanley lowered their target price on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Five 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $343.36.

Insiders Place Their Bets

In related news, Director Anders Gustafsson purchased 500 shares of the business's stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.84% of the company's stock.

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.