BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Boosts Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 23.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,140 shares of the industrial products company's stock after acquiring an additional 28,609 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.29% of Zebra Technologies worth $46,692,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Providence Capital Advisors LLC increased its holdings in shares of Zebra Technologies by 0.8% in the second quarter. Providence Capital Advisors LLC now owns 16,971 shares of the industrial products company's stock valued at $5,243,000 after purchasing an additional 139 shares during the last quarter. Interval Partners LP acquired a new stake in shares of Zebra Technologies in the second quarter valued at approximately $9,726,000. Xponance Inc. increased its holdings in shares of Zebra Technologies by 0.7% in the second quarter. Xponance Inc. now owns 8,305 shares of the industrial products company's stock valued at $2,566,000 after purchasing an additional 58 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Zebra Technologies by 18.8% in the second quarter. Bank of Montreal Can now owns 51,081 shares of the industrial products company's stock valued at $15,827,000 after purchasing an additional 8,073 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Zebra Technologies in the second quarter valued at approximately $4,882,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ZBRA. Needham & Company LLC increased their price objective on Zebra Technologies from $370.00 to $394.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Truist Financial reiterated a "hold" rating and issued a $345.00 price objective (up from $315.00) on shares of Zebra Technologies in a research report on Wednesday, July 31st. Barclays increased their price objective on Zebra Technologies from $314.00 to $347.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 31st. Vertical Research began coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $375.00 price objective for the company. Finally, Stephens raised their price target on Zebra Technologies from $380.00 to $410.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $349.64.

Zebra Technologies Stock Up 0.0 %

ZBRA traded up $0.18 on Tuesday, hitting $362.57. 96,911 shares of the company were exchanged, compared to its average volume of 360,101. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $372.93. The company has a market cap of $18.64 billion, a price-to-earnings ratio of 71.90 and a beta of 1.65. 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 50-day moving average price of $336.56 and a two-hundred day moving average price of $315.00.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $1.18 billion. During the same period in the previous year, the firm posted $3.24 EPS. Zebra Technologies's revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts predict that Zebra Technologies Co. will post 11.12 earnings per share for the current year.

Insiders Place Their Bets

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction 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 approximately $3,312,342.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is owned by company insiders.

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.