Quantinno Capital Management LP Boosts Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Quantinno Capital Management LP boosted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 645.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,335 shares of the industrial products company's stock after purchasing an additional 15,011 shares during the quarter. Quantinno Capital Management LP's holdings in Zebra Technologies were worth $6,695,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Zebra Technologies in the fourth quarter worth $201,420,000. FMR LLC raised its holdings in shares of Zebra Technologies by 181.1% in the fourth 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 last quarter. Schroder Investment Management Group raised its holdings in shares of Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after acquiring an additional 379,491 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Zebra Technologies in the fourth quarter worth $140,039,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Zebra Technologies by 434.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock worth $153,188,000 after acquiring an additional 322,475 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is owned by company insiders.

Zebra Technologies Price Performance

ZBRA stock opened at $300.62 on Friday. The stock has a 50-day moving average price of $259.25 and a two-hundred day moving average price of $336.60. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market cap of $15.29 billion, a PE ratio of 29.53 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $2.84 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, research analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ZBRA. UBS Group cut their price target on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Truist Financial cut their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Needham & Company LLC dropped their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Citigroup dropped their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Morgan Stanley dropped their target price on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $321.73.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.