Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI boosted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 60.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,821 shares of the industrial products company's stock after acquiring an additional 14,639 shares during the period. National Bank of Canada FI owned about 0.08% of Zebra Technologies worth $10,969,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its position in shares of Zebra Technologies by 51.8% in the fourth quarter. Federated Hermes Inc. now owns 416 shares of the industrial products company's stock valued at $161,000 after buying an additional 142 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Zebra Technologies by 47.8% in the fourth quarter. Sterling Capital Management LLC now owns 2,559 shares of the industrial products company's stock valued at $988,000 after buying an additional 828 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Zebra Technologies by 4.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 15,307 shares of the industrial products company's stock valued at $5,910,000 after buying an additional 600 shares during the last quarter. Townsquare Capital LLC raised its position in shares of Zebra Technologies by 32.9% in the fourth quarter. Townsquare Capital LLC now owns 7,546 shares of the industrial products company's stock valued at $2,914,000 after buying an additional 1,868 shares during the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at about $396,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Trading Down 3.0%

ZBRA stock traded down $10.09 during mid-day trading on Thursday, hitting $327.71. 604,799 shares of the company were exchanged, compared to its average volume of 655,559. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $16.66 billion, a P/E ratio of 30.95 and a beta of 1.75. The business has a fifty day simple moving average of $316.01 and a 200-day simple moving average of $298.33. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, beating the consensus estimate of $3.31 by $0.30. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $3.18 earnings per share. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies declared that its board has approved a stock buyback plan on Tuesday, August 5th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ZBRA. BNP Paribas Exane upgraded shares of 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, July 10th. UBS Group cut their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley raised their price objective on shares of Zebra Technologies from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Truist Financial raised their price objective on shares of Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Finally, Robert W. Baird raised their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $357.44.

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.