Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group grew its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 62.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 983,715 shares of the industrial products company's stock after purchasing an additional 379,491 shares during the quarter. Schroder Investment Management Group owned approximately 1.91% of Zebra Technologies worth $379,930,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ZBRA. Arrowstreet Capital Limited Partnership lifted its holdings in Zebra Technologies by 434.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock worth $153,188,000 after buying an additional 322,475 shares during the period. Okabena Investment Services Inc. grew its holdings in shares of Zebra Technologies by 28.9% in the fourth quarter. Okabena Investment Services Inc. now owns 3,342 shares of the industrial products company's stock worth $1,291,000 after acquiring an additional 750 shares during the period. Allstate Corp bought a new position in shares of Zebra Technologies in the 4th quarter worth approximately $569,000. Brown Brothers Harriman & Co. grew its position in shares of Zebra Technologies by 16.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 134,947 shares of the industrial products company's stock valued at $52,119,000 after acquiring an additional 18,726 shares during the period. Finally, Orion Portfolio Solutions LLC raised its stake in shares of Zebra Technologies by 2.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 7,049 shares of the industrial products company's stock worth $2,722,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Remove Ads

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA traded up $0.51 on Tuesday, reaching $283.07. The company's stock had a trading volume of 359,241 shares, compared to its average volume of 400,033. The stock's 50-day moving average is $329.71 and its two-hundred day moving average is $365.67. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The stock has a market capitalization of $14.54 billion, a P/E ratio of 27.81 and a beta of 1.68. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on ZBRA. Morgan Stanley lowered their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Citigroup initiated coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a "neutral" rating and a $430.00 target price for the company. Robert W. Baird decreased their target price on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Truist Financial lowered their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Finally, Barclays dropped 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. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $381.42.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is currently 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.