Sessa Capital IM L.P. Acquires New Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Sessa Capital IM L.P. purchased a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 55,400 shares of the industrial products company's stock, valued at approximately $17,115,000. Zebra Technologies accounts for approximately 0.5% of Sessa Capital IM L.P.'s portfolio, making the stock its 19th biggest holding. Sessa Capital IM L.P. owned about 0.11% of Zebra Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of ZBRA. UBS Group AG boosted its holdings in shares of Zebra Technologies by 25.2% during the fourth quarter. UBS Group AG now owns 82,897 shares of the industrial products company's stock valued at $22,658,000 after acquiring an additional 16,694 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Zebra Technologies by 7.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 13,925 shares of the industrial products company's stock worth $3,806,000 after purchasing an additional 1,011 shares during the period. Intech Investment Management LLC acquired a new stake in Zebra Technologies in the fourth quarter worth about $265,000. Hsbc Holdings PLC lifted its holdings in Zebra Technologies by 29.9% in the fourth quarter. Hsbc Holdings PLC now owns 60,117 shares of the industrial products company's stock worth $16,445,000 after purchasing an additional 13,838 shares during the period. Finally, TD Asset Management Inc lifted its holdings in Zebra Technologies by 5.9% in the fourth quarter. TD Asset Management Inc now owns 20,664 shares of the industrial products company's stock worth $5,648,000 after purchasing an additional 1,147 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Vertical Research assumed coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They issued a "buy" rating and a $375.00 price objective for the company. Robert W. Baird upped their price objective on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. BNP Paribas raised shares of Zebra Technologies from an "underperform" rating to a "neutral" rating and upped their price target for the company from $258.00 to $305.00 in a report on Thursday, June 13th. Barclays raised their price objective on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 31st. Finally, Needham & Company LLC raised their price objective on shares of Zebra Technologies from $370.00 to $394.00 and gave the company a "buy" rating in a research report 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $349.64.

Zebra Technologies Trading Down 0.7 %

ZBRA stock traded down $2.64 during mid-day trading on Friday, reaching $368.60. 213,560 shares of the stock traded hands, compared to its average volume of 358,579. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $375.88. The company has a market cap of $19.01 billion, a P/E ratio of 73.24 and a beta of 1.65. The stock's fifty day moving average is $338.87 and its 200-day moving average is $316.31.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.24 earnings per share. As a group, sell-side analysts expect that Zebra Technologies Co. will post 11.12 earnings per share for the current year.

Insider Transactions at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is owned by 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.