Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Boston Partners

Boston Partners boosted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 107.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,010,774 shares of the industrial products company's stock after acquiring an additional 522,779 shares during the period. Boston Partners owned about 1.97% of Zebra Technologies worth $276,222,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in shares of Zebra Technologies by 60.2% during the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company's stock worth $35,000 after buying an additional 56 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Zebra Technologies during the fourth quarter worth about $44,000. Centerpoint Advisors LLC purchased a new stake in shares of Zebra Technologies during the third quarter worth about $59,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Zebra Technologies during the fourth quarter worth about $69,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Zebra Technologies during the fourth quarter worth about $78,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Insider Activity

In other news, CAO Colleen M. O'sullivan sold 135 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the transaction, the chief accounting officer now directly owns 5,543 shares in the company, valued at $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.04% of the company's stock.

Zebra Technologies Trading Up 0.1 %

ZBRA traded up $0.20 during trading on Monday, hitting $316.00. 232,868 shares of the company's stock were exchanged, compared to its average volume of 384,425. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $322.95. The stock has a 50 day moving average price of $294.07 and a 200 day moving average price of $263.55. The firm has a market cap of $16.25 billion, a P/E ratio of 62.70 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.71. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business's quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.59 earnings per share. As a group, analysts expect that Zebra Technologies Co. will post 10.47 EPS for the current fiscal year.

Analysts Set New Price Targets

ZBRA has been the subject of a number of recent analyst reports. Wolfe Research upgraded shares of Zebra Technologies from a "peer perform" rating to an "outperform" rating and set a $337.00 target price for the company in a report on Monday, April 8th. Barclays initiated coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They issued an "equal weight" rating and a $292.00 target price for the company. Needham & Company LLC boosted their target price on shares of Zebra Technologies from $320.00 to $352.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. TD Cowen boosted their target price on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. Finally, Stephens boosted their target price on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an "overweight" rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $310.64.

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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