Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Boston Partners

Boston Partners reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,260,730 shares of the industrial products company’s stock after selling 63,463 shares during the quarter. Boston Partners’ holdings in Zebra Technologies were worth $487,020,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ZBRA. Assetmark Inc. boosted its stake in Zebra Technologies by 794.1% in the third quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 135 shares during the period. Apollon Wealth Management LLC boosted its position in shares of Zebra Technologies by 59.5% during the third quarter. Apollon Wealth Management LLC now owns 1,113 shares of the industrial products company’s stock worth $412,000 after buying an additional 415 shares during the period. Huntington National Bank boosted its position in shares of Zebra Technologies by 28.4% during the third quarter. Huntington National Bank now owns 633 shares of the industrial products company’s stock worth $234,000 after buying an additional 140 shares during the period. Metis Global Partners LLC boosted its position in shares of Zebra Technologies by 1.9% during the third quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock worth $611,000 after buying an additional 31 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its position in shares of Zebra Technologies by 4.9% during the third quarter. OneDigital Investment Advisors LLC now owns 1,612 shares of the industrial products company’s stock worth $597,000 after buying an additional 76 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Up 2.3 %

ZBRA stock opened at $285.27 on Tuesday. 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 Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The company has a 50-day moving average of $351.67 and a two-hundred day moving average of $368.97. The stock has a market capitalization of $14.66 billion, a price-to-earnings ratio of 28.02 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly 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 firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. As a group, equities research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Activity

In related news, Director Anders Gustafsson bought 500 shares of Zebra Technologies stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. 1.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ZBRA shares. Barclays reduced their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Morgan Stanley dropped their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Needham & Company LLC dropped their target price 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 dropped their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Truist Financial dropped their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Five equities research 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $381.42.

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.