Robeco Institutional Asset Management B.V. Lowers Stake in Zebra Technologies Corporation (NASDAQ:ZBRA)

Robeco Institutional Asset Management B.V. reduced its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,162 shares of the industrial products company's stock after selling 27,899 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.31% of Zebra Technologies worth $44,408,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZBRA. Norges Bank purchased a new position in Zebra Technologies in the 4th quarter valued at about $201,420,000. FMR LLC raised its holdings in Zebra Technologies by 181.1% in the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock valued at $299,585,000 after acquiring an additional 499,736 shares during the last quarter. Schroder Investment Management Group raised its holdings in 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 acquiring an additional 379,491 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Zebra Technologies in the 4th quarter valued at about $140,039,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Zebra Technologies by 434.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock valued at $153,188,000 after acquiring an additional 322,475 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Up 1.7%

Zebra Technologies stock opened at $308.32 on Friday. 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 debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. The firm has a 50 day moving average price of $278.86 and a 200 day moving average price of $315.87. The company has a market capitalization of $15.68 billion, a PE ratio of 29.17 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm earned $2.84 EPS. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. Research analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays cut their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Citigroup cut their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday, April 14th. 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 report on Wednesday, April 30th. Robert W. Baird increased their price objective on shares of Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Morgan Stanley raised their price target on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. Five equities research 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 MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $331.20.

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.

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