Boston Partners Has $487.02 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Boston Partners lessened its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,260,730 shares of the industrial products company's stock after selling 63,463 shares during the quarter. Boston Partners owned 2.44% of Zebra Technologies worth $487,020,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Thrivent Financial for Lutherans lifted its position in shares of Zebra Technologies by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,017 shares of the industrial products company's stock worth $6,229,000 after purchasing an additional 881 shares in the last quarter. Haven Capital Group Inc. bought a new stake in Zebra Technologies during the fourth quarter worth $810,000. Cibc World Markets Corp raised its position in Zebra Technologies by 16.7% during the fourth quarter. Cibc World Markets Corp now owns 8,117 shares of the industrial products company's stock worth $3,135,000 after acquiring an additional 1,162 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after acquiring an additional 36 shares in the last quarter. Finally, SlateStone Wealth LLC raised its position in Zebra Technologies by 10.8% during the fourth quarter. SlateStone Wealth LLC now owns 8,458 shares of the industrial products company's stock worth $3,267,000 after acquiring an additional 821 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

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Wall Street Analysts Forecast Growth

ZBRA has been the topic of several analyst reports. Needham & Company LLC dropped their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. UBS Group dropped their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Truist Financial dropped their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Citigroup began coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price target on the stock. Finally, Barclays decreased 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 report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies has a consensus rating of "Moderate Buy" and an average price target of $381.42.

Zebra Technologies Stock Performance

Shares of ZBRA stock traded up $4.98 on Friday, hitting $289.99. The company's stock had a trading volume of 1,471,867 shares, compared to its average volume of 390,627. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The stock's 50 day moving average is $343.03 and its 200-day moving average is $366.99. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. The company has a market capitalization of $14.90 billion, a PE ratio of 28.49 and a beta of 1.68.

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

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares of the company's stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.06% of the stock is currently owned by corporate insiders.

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.