Zebra Technologies Co. (NASDAQ:ZBRA) Position Lifted by Northern Trust Corp

Northern Trust Corp increased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 17.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 497,363 shares of the industrial products company's stock after purchasing an additional 72,989 shares during the quarter. Northern Trust Corp owned approximately 0.96% of Zebra Technologies worth $192,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ZBRA. Norges Bank purchased a new stake in shares of Zebra Technologies during the fourth quarter worth about $201,420,000. FMR LLC grew its stake in Zebra Technologies by 181.1% in the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock worth $299,585,000 after acquiring an additional 499,736 shares during the period. 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. purchased a new position in shares of Zebra Technologies during the 4th quarter worth $140,039,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Zebra Technologies by 434.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock worth $153,188,000 after purchasing an additional 322,475 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Insider Transactions at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of the business's stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.84% of the company's stock.

Zebra Technologies Stock Down 2.1 %

Zebra Technologies stock traded down $5.25 during trading on Monday, reaching $250.70. 426,372 shares of the company's stock were exchanged, compared to its average volume of 440,566. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 24.63 and a beta of 1.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The company's 50-day moving average is $263.52 and its two-hundred day moving average is $342.48.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.84 earnings per share. On average, analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on ZBRA. StockNews.com lowered Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday. UBS Group dropped 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 note on Wednesday, April 30th. Morgan Stanley decreased their target price on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Barclays dropped their price target on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Finally, Citigroup cut their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $321.73.

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.