Ensign Peak Advisors Inc Has $32.22 Million Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Ensign Peak Advisors Inc lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,434 shares of the industrial products company's stock after buying an additional 9,174 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.16% of Zebra Technologies worth $32,224,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ZBRA. Vanguard Group Inc. raised its stake in shares of Zebra Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock worth $2,417,942,000 after purchasing an additional 55,130 shares during the last quarter. Invesco Ltd. raised its stake in shares of Zebra Technologies by 1.5% during the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock worth $549,586,000 after purchasing an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Zebra Technologies by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock worth $500,701,000 after purchasing an additional 86,766 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Zebra Technologies by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock worth $491,935,000 after purchasing an additional 30,496 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in Zebra Technologies by 62.8% during the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after acquiring an additional 379,491 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ZBRA. Morgan Stanley dropped their price objective on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Citigroup lowered their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Needham & Company LLC lowered their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Truist Financial lowered their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Finally, StockNews.com cut Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $321.73.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were 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 directly owns 202,176 shares of the company's stock, valued at $62,876,736. The trade was a 0.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.84% of the company's stock.

Zebra Technologies Trading Down 1.0%

Shares of NASDAQ ZBRA traded down $3.11 during midday trading on Wednesday, hitting $299.27. The stock had a trading volume of 577,702 shares, compared to its average volume of 456,426. The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 29.40 and a beta of 1.74. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average price of $258.41 and a 200 day moving average price of $337.90.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business earned $2.84 EPS. Zebra Technologies's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.