Machina Capital S.A.S. Buys 1,617 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Machina Capital S.A.S. raised its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 135.4% during the 4th quarter, Holdings Channel reports. The fund owned 2,811 shares of the industrial products company’s stock after acquiring an additional 1,617 shares during the period. Machina Capital S.A.S.’s holdings in Zebra Technologies were worth $1,086,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Jackson Creek Investment Advisors LLC increased its stake in shares of Zebra Technologies by 16.9% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 790 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 114 shares during the period. Callan Family Office LLC grew its holdings in Zebra Technologies by 164.3% in the 4th quarter. Callan Family Office LLC now owns 4,768 shares of the industrial products company’s stock valued at $1,842,000 after buying an additional 2,964 shares in the last quarter. E Fund Management Co. Ltd. increased its position in Zebra Technologies by 44.6% during the 4th quarter. E Fund Management Co. Ltd. now owns 1,061 shares of the industrial products company’s stock worth $410,000 after buying an additional 327 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Zebra Technologies during the fourth quarter worth $140,039,000. Finally, Arizona State Retirement System boosted its position in shares of Zebra Technologies by 1.5% in the fourth quarter. Arizona State Retirement System now owns 14,960 shares of the industrial products company’s stock valued at $5,778,000 after acquiring an additional 228 shares during the period. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Trading Down 0.6 %

Shares of ZBRA opened at $292.69 on Friday. 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 52-week low of $266.75 and a 52-week high of $427.76. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of 28.75 and a beta of 1.68. The business’s fifty day moving average is $364.64 and its 200-day moving average is $371.38.

Zebra Technologies (NASDAQ:ZBRA) last released 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). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Equities analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ZBRA. Robert W. Baird lowered their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Citigroup started coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price on the stock. Morgan Stanley cut their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. UBS Group lowered their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Needham & Company LLC cut their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $381.42.

Insider Buying and Selling

In other news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is owned by corporate 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.