Invesco Ltd. Buys 20,992 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Invesco Ltd. grew its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,422,986 shares of the industrial products company's stock after buying an additional 20,992 shares during the period. Invesco Ltd. owned 2.76% of Zebra Technologies worth $549,586,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ZBRA. Benjamin Edwards Inc. raised its position in shares of Zebra Technologies by 264.5% in the third quarter. Benjamin Edwards Inc. now owns 616 shares of the industrial products company's stock worth $228,000 after buying an additional 447 shares in the last quarter. HighTower Advisors LLC grew its stake in Zebra Technologies by 4.3% in the 3rd quarter. HighTower Advisors LLC now owns 5,923 shares of the industrial products company's stock worth $2,190,000 after buying an additional 245 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Zebra Technologies by 39.8% during the 3rd quarter. Quantinno Capital Management LP now owns 2,324 shares of the industrial products company's stock worth $861,000 after acquiring an additional 662 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Zebra Technologies by 5.6% in the 3rd quarter. Wellington Management Group LLP now owns 3,457 shares of the industrial products company's stock worth $1,280,000 after purchasing an additional 183 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Zebra Technologies by 47.3% during the 3rd quarter. National Bank of Canada FI now owns 20,950 shares of the industrial products company's stock valued at $7,758,000 after purchasing an additional 6,725 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the business's stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on ZBRA. Truist Financial reduced their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Needham & Company LLC decreased their target price 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 lowered their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Robert W. Baird reduced their price objective on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley lowered their target price on 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 research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $359.73.

Zebra Technologies Trading Up 3.3 %

ZBRA stock traded up $7.38 during trading on Monday, reaching $232.82. The company had a trading volume of 154,902 shares, compared to its average volume of 425,753. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76. The company has a market cap of $11.96 billion, a P/E ratio of 22.87 and a beta of 1.76. The business has a 50 day moving average of $293.40 and a 200 day moving average of $356.39. 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 (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. As a group, sell-side analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

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.