Brown Brothers Harriman & Co. Purchases 18,726 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Brown Brothers Harriman & Co. grew its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,947 shares of the industrial products company's stock after acquiring an additional 18,726 shares during the quarter. Brown Brothers Harriman & Co. owned 0.26% of Zebra Technologies worth $52,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Orion Portfolio Solutions LLC increased its position in Zebra Technologies by 2.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 7,049 shares of the industrial products company's stock worth $2,722,000 after purchasing an additional 145 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Zebra Technologies by 6.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 138,906 shares of the industrial products company's stock worth $53,648,000 after buying an additional 8,848 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Zebra Technologies by 0.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 15,128 shares of the industrial products company's stock worth $5,843,000 after buying an additional 59 shares in the last quarter. Providence Capital Advisors LLC increased its holdings in shares of Zebra Technologies by 0.7% in the 4th quarter. Providence Capital Advisors LLC now owns 17,252 shares of the industrial products company's stock worth $6,663,000 after buying an additional 121 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at about $201,420,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Zebra Technologies Trading Up 0.2 %

Shares of NASDAQ ZBRA traded up $0.51 during mid-day trading on Tuesday, reaching $283.07. The company had a trading volume of 358,178 shares, compared to its average volume of 400,033. The stock has a market cap of $14.54 billion, a price-to-earnings ratio of 27.81 and a beta of 1.68. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The business's 50-day moving average is $329.71 and its 200-day moving average is $365.67. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

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

Analyst Ratings Changes

Several brokerages have weighed in on ZBRA. Citigroup started coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price objective on the stock. 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 research report on Tuesday, February 18th. Needham & Company LLC decreased their price target on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Morgan Stanley dropped their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Finally, Robert W. Baird reduced their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $381.42.

Insider Buying and Selling

In related news, Director Anders Gustafsson bought 500 shares of the company's stock in a transaction on Monday, February 24th. The shares were acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now owns 202,176 shares of the company's stock, valued at $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is owned by insiders.

About Zebra Technologies

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.