Bank of New York Mellon Corp Boosts Stock Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Bank of New York Mellon Corp raised its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 36.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 442,788 shares of the industrial products company's stock after buying an additional 118,247 shares during the quarter. Bank of New York Mellon Corp owned about 0.86% of Zebra Technologies worth $125,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Zebra Technologies by 33.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock valued at $2,236,000 after buying an additional 1,964 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Zebra Technologies by 6.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock valued at $460,000 after buying an additional 72 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Zebra Technologies by 1.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock valued at $981,000 after buying an additional 66 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Zebra Technologies by 6.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock valued at $6,024,000 after acquiring an additional 1,267 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Zebra Technologies by 334.4% during the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock valued at $263,000 after acquiring an additional 525 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on ZBRA. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Needham & Company LLC lowered their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird increased their target price on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a research report on Thursday. Finally, Truist Financial lowered their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $338.18.

Zebra Technologies Trading Down 1.0%

ZBRA stock traded down $3.21 during midday trading on Friday, reaching $327.14. The company's stock had a trading volume of 413,714 shares, compared to its average volume of 595,242. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. The stock has a fifty day simple moving average of $294.72 and a two-hundred day simple moving average of $310.51. Zebra Technologies Corporation has a 1 year low of $205.73 and a 1 year high of $427.76. The firm has a market capitalization of $16.64 billion, a price-to-earnings ratio of 30.95 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The business's revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.84 earnings per share. On average, equities research analysts predict that Zebra Technologies Corporation 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.