Robeco Schweiz AG Acquires New Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Robeco Schweiz AG acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, Holdings Channel.com reports. The firm acquired 747 shares of the industrial products company’s stock, valued at approximately $204,000.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Zebra Technologies by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,060,033 shares of the industrial products company’s stock valued at $1,433,380,000 after buying an additional 36,194 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Zebra Technologies by 4.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,646,301 shares of the industrial products company’s stock valued at $389,400,000 after purchasing an additional 77,086 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Zebra Technologies by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 1,191,194 shares of the industrial products company’s stock valued at $281,753,000 after purchasing an additional 92,055 shares in the last quarter. Boston Partners increased its stake in Zebra Technologies by 107.1% in the fourth quarter. Boston Partners now owns 1,010,774 shares of the industrial products company’s stock valued at $276,222,000 after purchasing an additional 522,779 shares in the last quarter. Finally, Black Creek Investment Management Inc. increased its stake in Zebra Technologies by 6.3% in the third quarter. Black Creek Investment Management Inc. now owns 992,730 shares of the industrial products company’s stock valued at $234,810,000 after purchasing an additional 59,200 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZBRA. Robert W. Baird upped their target price on shares of Zebra Technologies from $312.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Stephens upped their target price on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Needham & Company LLC increased their price objective on shares of Zebra Technologies from $352.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Wolfe Research raised shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective for the company in a research report on Monday, April 8th. Finally, UBS Group increased their price objective on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $312.27.

Zebra Technologies Stock Down 0.7 %

Zebra Technologies stock traded down $2.06 during mid-day trading on Tuesday, reaching $300.54. The company’s stock had a trading volume of 3,600 shares, compared to its average volume of 359,430. The company has a market capitalization of $15.45 billion, a price-to-earnings ratio of 60.04 and a beta of 1.70. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $328.70. The business’s 50 day simple moving average is $304.74 and its 200 day simple moving average is $278.29. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.59 earnings per share. As a group, research analysts anticipate that Zebra Technologies Co. will post 10.76 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the sale, the insider now owns 3,809 shares in the company, valued at $1,220,822.59. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.04% of the company’s stock.

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.