Arrowstreet Capital Limited Partnership Acquires 322,475 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Arrowstreet Capital Limited Partnership increased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 434.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 396,633 shares of the industrial products company's stock after purchasing an additional 322,475 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.77% of Zebra Technologies worth $153,188,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Okabena Investment Services Inc. grew its holdings in Zebra Technologies by 28.9% during the fourth quarter. Okabena Investment Services Inc. now owns 3,342 shares of the industrial products company's stock worth $1,291,000 after buying an additional 750 shares in the last quarter. Allstate Corp purchased a new stake in Zebra Technologies during the 4th quarter worth about $569,000. Brown Brothers Harriman & Co. boosted its stake in Zebra Technologies by 16.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 134,947 shares of the industrial products company's stock worth $52,119,000 after purchasing an additional 18,726 shares during the period. Orion Portfolio Solutions LLC grew its holdings in Zebra Technologies by 2.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 7,049 shares of the industrial products company's stock valued at $2,722,000 after buying an additional 145 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Zebra Technologies by 6.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 138,906 shares of the industrial products company's stock worth $53,648,000 after buying an additional 8,848 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

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Zebra Technologies Stock Up 1.6 %

Shares of ZBRA traded up $4.50 on Wednesday, hitting $287.57. 319,023 shares of the stock traded hands, compared to its average volume of 399,645. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76. The company has a market capitalization of $14.78 billion, a PE ratio of 28.25 and a beta of 1.68. The business has a 50 day simple moving average of $327.01 and a 200 day simple moving average of $365.29. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

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

Analysts Set New Price Targets

Several analysts have issued reports on ZBRA shares. 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 research note on Friday, February 14th. Citigroup initiated coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price target for the company. Needham & Company LLC lowered their target price on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Barclays reduced their price target 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. Finally, Truist Financial dropped their price objective on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a research note 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $381.42.

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the company's stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. The trade was a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

About Zebra Technologies

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.