Wellington Shields Capital Management LLC Makes New Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Wellington Shields Capital Management LLC acquired a new position in Zebra Technologies Co. (NASDAQ:ZBRA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 540 shares of the industrial products company’s stock, valued at approximately $163,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ZBRA. Czech National Bank raised its position in shares of Zebra Technologies by 0.5% during the first quarter. Czech National Bank now owns 9,036 shares of the industrial products company’s stock worth $2,724,000 after acquiring an additional 41 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Zebra Technologies by 3.4% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,652 shares of the industrial products company’s stock worth $498,000 after acquiring an additional 55 shares in the last quarter. Wahed Invest LLC increased its holdings in shares of Zebra Technologies by 7.2% in the fourth quarter. Wahed Invest LLC now owns 869 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 58 shares in the last quarter. MJP Associates Inc. ADV increased its holdings in shares of Zebra Technologies by 7.5% in the fourth quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 64 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC increased its holdings in shares of Zebra Technologies by 16.1% in the first quarter. SYSTM Wealth Solutions LLC now owns 504 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded up $4.28 during trading hours on Wednesday, reaching $319.52. 81,807 shares of the stock were exchanged, compared to its average volume of 351,183. The stock’s fifty day simple moving average is $311.74 and its 200 day simple moving average is $286.69. The firm has a market capitalization of $16.43 billion, a price-to-earnings ratio of 62.70 and a beta of 1.66. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $328.70. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.59 EPS. Sell-side analysts predict that Zebra Technologies Co. will post 10.76 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In related news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ZBRA. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target for the company in a research report on Monday, April 8th. Truist Financial reissued a “hold” rating and set a $315.00 price target (up from $300.00) on shares of Zebra Technologies in a research report on Wednesday, May 1st. TD Cowen increased their price target on Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Barclays began coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies presently has an average rating of “Hold” and a consensus price target of $323.36.

Zebra Technologies Company 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.