Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 269.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,124 shares of the industrial products company's stock after buying an additional 22,700 shares during the quarter. Canada Pension Plan Investment Board owned 0.06% of Zebra Technologies worth $12,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Zebra Technologies during the fourth quarter valued at about $201,420,000. FMR LLC lifted its holdings in Zebra Technologies by 181.1% in the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock valued at $299,585,000 after acquiring an additional 499,736 shares during the period. Schroder Investment Management Group increased its holdings in Zebra Technologies by 62.8% during 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 buying an additional 379,491 shares during the last quarter. Raymond James Financial Inc. bought a new position in Zebra Technologies in the 4th quarter worth $140,039,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Zebra Technologies by 434.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock valued at $153,188,000 after buying an additional 322,475 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Up 3.2 %

NASDAQ:ZBRA traded up $7.28 on Wednesday, reaching $234.48. The stock had a trading volume of 507,360 shares, compared to its average volume of 435,095. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 23.03 and a beta of 1.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76. The firm's fifty day moving average is $273.12 and its two-hundred day moving average is $348.85.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its 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). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Equities analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson purchased 500 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was 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. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ZBRA. Robert W. Baird cut their price objective on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Needham & Company LLC decreased their target price on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Truist Financial reduced their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley cut their target price on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, Citigroup dropped their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $343.36.

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.