3,841 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board purchased a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 3,841 shares of the industrial products company’s stock, valued at approximately $1,187,000.

Other large investors also recently modified their holdings of the company. Farmers & Merchants Investments Inc. raised its stake in shares of Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 63 shares during the period. Transcendent Capital Group LLC purchased a new position in Zebra Technologies in the second quarter valued at about $32,000. BOK Financial Private Wealth Inc. purchased a new position in Zebra Technologies in the first quarter valued at about $36,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Zebra Technologies by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 33 shares in the last quarter. Finally, Webster Bank N. A. boosted its position in shares of Zebra Technologies by 792.9% in the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock worth $39,000 after buying an additional 111 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Trading Down 0.7 %

NASDAQ:ZBRA opened at $368.60 on Friday. The company has a market cap of $19.01 billion, a PE ratio of 73.14 and a beta of 1.65. The business’s 50 day moving average is $338.87 and its two-hundred day moving average is $316.31. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $375.88.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.70. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the business posted $3.24 earnings per share. On average, analysts predict that Zebra Technologies Co. will post 11.12 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ZBRA shares. Robert W. Baird raised their target price on Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Truist Financial restated a “hold” rating and issued a $345.00 target price (up from $315.00) on shares of Zebra Technologies in a research note on Wednesday, July 31st. Barclays lifted their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. BNP Paribas raised shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $258.00 to $305.00 in a research report on Thursday, June 13th. Finally, TD Cowen lifted their target price on Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.64.

Insider Buying and Selling at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is currently owned by insiders.

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.