Grant Private Wealth Management Inc Invests $331,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Grant Private Wealth Management Inc acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 858 shares of the industrial products company’s stock, valued at approximately $331,000.

Several other institutional investors also recently bought and sold shares of ZBRA. Norges Bank purchased a new position in shares of Zebra Technologies during the 4th quarter worth approximately $201,420,000. Schroder Investment Management Group increased its holdings in shares of Zebra Technologies by 62.8% in the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock valued at $379,930,000 after purchasing an additional 379,491 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at about $140,039,000. Arrowstreet Capital Limited Partnership grew its position in Zebra Technologies by 434.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company’s stock worth $153,188,000 after buying an additional 322,475 shares during the period. Finally, FMR LLC increased its holdings in Zebra Technologies by 2,423.5% in the third quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after buying an additional 265,014 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ZBRA. Needham & Company LLC decreased their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Morgan Stanley reduced their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. UBS Group lowered 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. Truist Financial dropped their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, Robert W. Baird cut their price objective 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. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $287.57 on Thursday. The business has a fifty day simple moving average of $324.35 and a 200-day simple moving average of $364.74. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The company has a market cap of $14.78 billion, a P/E ratio of 28.25 and a beta of 1.68. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Equities research analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

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.