Royal Bank of Canada Acquires 24,149 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Royal Bank of Canada raised its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 256,301 shares of the industrial products company's stock after acquiring an additional 24,149 shares during the quarter. Royal Bank of Canada owned approximately 0.50% of Zebra Technologies worth $98,989,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ZBRA. Creative Financial Designs Inc. ADV raised its holdings in Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after buying an additional 36 shares during the last quarter. Sierra Ocean LLC bought a new position in Zebra Technologies in the 4th quarter valued at approximately $28,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies in the 4th quarter valued at approximately $31,000. Avalon Trust Co bought a new position in Zebra Technologies in the 4th quarter valued at approximately $35,000. Finally, Coppell Advisory Solutions LLC bought a new position in Zebra Technologies in the 4th quarter valued at approximately $36,000. Institutional investors own 91.03% of the company's stock.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. This represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.84% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ZBRA shares. Barclays dropped 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 dropped 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. Robert W. Baird raised their price objective on shares of Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Needham & Company LLC reduced their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $321.73.

Zebra Technologies Stock Down 1.4%

NASDAQ:ZBRA traded down $4.15 during trading hours on Friday, reaching $284.21. The company had a trading volume of 325,257 shares, compared to its average volume of 461,555. 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 firm has a market cap of $14.45 billion, a price-to-earnings ratio of 27.92 and a beta of 1.74. The business's 50-day simple moving average is $260.40 and its two-hundred day simple moving average is $332.62. Zebra Technologies Co. has a twelve month low of $205.73 and a twelve month high of $427.76.

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