Knights of Columbus Asset Advisors LLC Takes Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Knights of Columbus Asset Advisors LLC acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,336 shares of the industrial products company's stock, valued at approximately $1,675,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Zebra Technologies in the fourth quarter worth about $140,039,000. FMR LLC boosted its stake in Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock worth $102,189,000 after purchasing an additional 265,014 shares in the last quarter. JPMorgan Chase & Co. grew its position in Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock worth $335,905,000 after purchasing an additional 89,765 shares during the last quarter. Allianz Asset Management GmbH increased its stake in Zebra Technologies by 111.0% during the 4th quarter. Allianz Asset Management GmbH now owns 164,224 shares of the industrial products company's stock valued at $63,427,000 after purchasing an additional 86,379 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Zebra Technologies during the fourth quarter valued at $28,423,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ZBRA has been the topic of several analyst reports. UBS Group cut their price target 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. Morgan Stanley reduced their price target on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Barclays lowered their price objective on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Needham & Company LLC cut their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a report on Friday, February 14th. Finally, Truist Financial lowered their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Five investment 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 MarketBeat.com, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $381.42.

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Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of Zebra Technologies stock in a transaction dated 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 transaction, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This 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 is available through this link. Company insiders own 1.06% of the company's stock.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded down $2.88 during trading hours on Thursday, reaching $285.14. 236,509 shares of the company were exchanged, compared to its average volume of 390,698. 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 firm has a market cap of $14.65 billion, a PE ratio of 28.01 and a beta of 1.68. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The stock's 50-day moving average is $337.03 and its 200-day moving average is $366.53.

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

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.