Paradigm Asset Management Co. LLC Takes Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Paradigm Asset Management Co. LLC acquired a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,900 shares of the industrial products company’s stock, valued at approximately $734,000.

Several other hedge funds have also recently bought and sold shares of the business. Cascade Investment Advisors Inc. boosted its stake in shares of Zebra Technologies by 0.6% during the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock worth $1,704,000 after acquiring an additional 25 shares in the last quarter. WCM Investment Management LLC lifted its holdings in Zebra Technologies by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock worth $3,502,000 after purchasing an additional 27 shares during the last quarter. Equitable Trust Co. boosted its position in Zebra Technologies by 1.7% during the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock worth $618,000 after purchasing an additional 27 shares during the period. KPP Advisory Services LLC grew its holdings in Zebra Technologies by 2.3% during the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock valued at $461,000 after purchasing an additional 28 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Zebra Technologies by 24.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 30 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on ZBRA. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. UBS Group decreased their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday. Morgan Stanley dropped their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Barclays decreased their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, TD Cowen lifted their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $311.05 on Friday. The firm has a market capitalization of $15.98 billion, a PE ratio of 30.56 and a beta of 1.63. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 1-year low of $266.75 and a 1-year high of $427.76. The business’s 50 day moving average is $383.89 and its 200-day moving average is $373.03.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Sell-side analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.