Carnegie Investment Counsel Acquires 9,322 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Carnegie Investment Counsel lifted its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 20.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,721 shares of the industrial products company's stock after purchasing an additional 9,322 shares during the period. Carnegie Investment Counsel owned 0.11% of Zebra Technologies worth $15,462,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Zebra Technologies by 0.9% in 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 buying an additional 55,130 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Zebra Technologies by 1.5% during the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock valued at $549,586,000 after acquiring 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% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock valued at $500,701,000 after acquiring an additional 86,766 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Zebra Technologies by 2.4% in the 4th 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, Victory Capital Management Inc. boosted its position in Zebra Technologies by 27.5% during the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock worth $334,469,000 after purchasing an additional 255,193 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on ZBRA. Needham & Company LLC dropped their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Barclays dropped their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Citigroup restated a "neutral" rating and set a $342.00 price target (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Finally, Truist Financial dropped their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $348.40.

Zebra Technologies Stock Performance

NASDAQ ZBRA traded up $2.29 during midday trading on Friday, hitting $335.69. The company had a trading volume of 298,300 shares, compared to its average volume of 407,647. The firm has a fifty day simple moving average of $305.33 and a two-hundred day simple moving average of $306.18. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. The stock has a market cap of $17.07 billion, a price-to-earnings ratio of 31.76 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. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business earned $2.84 earnings per share. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

About Zebra Technologies

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.