Townsquare Capital LLC Acquires 1,868 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Townsquare Capital LLC lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 32.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,546 shares of the industrial products company's stock after acquiring an additional 1,868 shares during the period. Townsquare Capital LLC's holdings in Zebra Technologies were worth $2,914,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZBRA. Fortis Capital Advisors LLC lifted its stake in shares of Zebra Technologies by 23.8% in the 4th quarter. Fortis Capital Advisors LLC now owns 2,568 shares of the industrial products company's stock worth $992,000 after acquiring an additional 494 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Zebra Technologies by 4.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 15,307 shares of the industrial products company's stock worth $5,910,000 after acquiring an additional 600 shares during the period. Sterling Capital Management LLC boosted its position in shares of Zebra Technologies by 47.8% in the 4th quarter. Sterling Capital Management LLC now owns 2,559 shares of the industrial products company's stock worth $988,000 after buying an additional 828 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Zebra Technologies by 968.4% in the fourth quarter. Covestor Ltd now owns 406 shares of the industrial products company's stock valued at $157,000 after purchasing an additional 368 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Zebra Technologies by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 22,495 shares of the industrial products company's stock worth $8,688,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZBRA. UBS Group reduced their price objective on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Robert W. Baird lowered their price target 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. Citigroup reduced their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Barclays reduced their price target on shares of 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, Morgan Stanley decreased their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $343.36.

Zebra Technologies Stock Down 3.2 %

Shares of ZBRA stock traded down $7.15 on Monday, reaching $219.58. 54,852 shares of the company's stock traded hands, compared to its average volume of 628,351. The business's 50 day moving average price is $279.34 and its two-hundred day moving average price is $351.51. The company has a market capitalization of $11.28 billion, a P/E ratio of 21.57 and a beta of 1.76. 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 Co. has a 12-month low of $205.73 and a 12-month high of $427.76.

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

Insider Buying and Selling

In related news, Director Anders Gustafsson bought 500 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.84% 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.