Quantbot Technologies LP Purchases New Shares in Zebra Technologies Co. (NASDAQ:ZBRA)

Quantbot Technologies LP purchased a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 23,979 shares of the industrial products company's stock, valued at approximately $9,261,000.

Other large investors have also recently modified their holdings of the company. Point72 DIFC Ltd bought a new stake in shares of Zebra Technologies during the 3rd quarter valued at about $2,113,000. LVM Capital Management Ltd. MI purchased a new position in shares of Zebra Technologies during the 4th quarter valued at about $643,000. Cerity Partners LLC raised its holdings in shares of Zebra Technologies by 45.3% during the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company's stock valued at $3,950,000 after buying an additional 3,328 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Zebra Technologies by 334.4% during the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock valued at $263,000 after buying an additional 525 shares in the last quarter. Finally, Board of the Pension Protection Fund purchased a new position in shares of Zebra Technologies during the 4th quarter valued at about $695,000. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Down 0.9 %

Shares of ZBRA stock traded down $2.69 during trading hours on Tuesday, reaching $282.58. The company's stock had a trading volume of 323,538 shares, compared to its average volume of 384,575. The stock has a market capitalization of $14.52 billion, a P/E ratio of 27.76 and a beta of 1.68. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76. The firm's fifty day simple moving average is $351.67 and its 200 day simple moving average is $368.97. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

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Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $1.33 billion during 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%. Equities research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the business's stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ZBRA shares. Robert W. Baird decreased their price objective on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Citigroup started coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price objective on the stock. Needham & Company LLC decreased their price objective on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a report on Friday, February 14th. UBS Group decreased their price target on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley decreased their price target on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $381.42.

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.