Acadian Asset Management LLC Grows Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Acadian Asset Management LLC lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 1,087.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,674 shares of the industrial products company's stock after buying an additional 1,533 shares during the quarter. Acadian Asset Management LLC's holdings in Zebra Technologies were worth $516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its holdings in Zebra Technologies by 44.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company's stock valued at $414,117,000 after purchasing an additional 425,207 shares in the last quarter. Norges Bank acquired a new stake in Zebra Technologies in the 4th quarter worth about $102,886,000. APG Asset Management US Inc. purchased a new stake in Zebra Technologies during the 4th quarter worth approximately $67,476,000. Corient Private Wealth LLC raised its holdings in shares of Zebra Technologies by 1,205.5% during the fourth quarter. Corient Private Wealth LLC now owns 192,994 shares of the industrial products company's stock valued at $52,751,000 after acquiring an additional 178,211 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $38,688,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Up 3.4 %

Zebra Technologies stock traded up $11.96 during mid-day trading on Thursday, hitting $363.79. The company's stock had a trading volume of 489,853 shares, compared to its average volume of 360,346. The stock's fifty day moving average is $334.32 and its two-hundred day moving average is $313.21. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $18.76 billion, a PE ratio of 69.81 and a beta of 1.65. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $372.93.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company earned $3.24 EPS. The company's quarterly revenue was up .2% on a year-over-year basis. On average, analysts anticipate that Zebra Technologies Co. will post 11.12 EPS for the current year.

Insider Transactions at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares of the company's stock, valued at $3,312,342.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.06% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. BNP Paribas upgraded Zebra Technologies from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. Stephens upped their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Vertical Research assumed coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $375.00 price target on the stock. Truist Financial reaffirmed a "hold" rating and set a $345.00 price objective (up previously from $315.00) on shares of Zebra Technologies in a research note on Wednesday, July 31st. Finally, Robert W. Baird raised their target price on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $349.64.

Zebra Technologies Company 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.