Quarry LP Boosts Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Quarry LP increased its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 1,059.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,310 shares of the industrial products company's stock after purchasing an additional 1,197 shares during the period. Quarry LP's holdings in Zebra Technologies were worth $506,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZBRA. Norges Bank bought a new position in shares of Zebra Technologies during the fourth quarter valued at $201,420,000. FMR LLC lifted its stake in shares of 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 purchasing an additional 499,736 shares during the period. Schroder Investment Management Group boosted its position in shares of Zebra Technologies by 62.8% during 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 purchasing an additional 379,491 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Zebra Technologies during the fourth quarter worth approximately $140,039,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in 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 valued at $153,188,000 after buying an additional 322,475 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group lowered 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. Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday. Truist Financial reduced their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley dropped their price target on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, Robert W. Baird boosted their price objective on Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $321.73.

Zebra Technologies Stock Performance

Shares of ZBRA traded down $0.68 on Thursday, reaching $249.64. 507,760 shares of the company's stock traded hands, compared to its average volume of 440,689. 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 stock has a market cap of $12.83 billion, a PE ratio of 24.52 and a beta of 1.76. The stock's 50 day simple moving average is $265.80 and its two-hundred day simple moving average is $344.63. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $2.84 earnings per share. The business's revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the company's stock in a transaction that occurred on 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 purchase, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.84% of the stock is owned by corporate insiders.

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.