Citizens Financial Group Inc. RI Makes New Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Citizens Financial Group Inc. RI purchased a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 550 shares of the industrial products company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ZBRA. Tortoise Investment Management LLC lifted its holdings in Zebra Technologies by 9.3% during the fourth quarter. Tortoise Investment Management LLC now owns 943 shares of the industrial products company’s stock valued at $364,000 after purchasing an additional 80 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Zebra Technologies by 34.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 12,005 shares of the industrial products company’s stock valued at $4,637,000 after purchasing an additional 3,088 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Zebra Technologies by 13.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,789 shares of the industrial products company’s stock valued at $4,553,000 after buying an additional 1,374 shares in the last quarter. Amundi boosted its holdings in Zebra Technologies by 39.6% in the 4th quarter. Amundi now owns 86,252 shares of the industrial products company’s stock worth $34,242,000 after buying an additional 24,452 shares during the period. Finally, Machina Capital S.A.S. raised its holdings in Zebra Technologies by 135.4% during the 4th quarter. Machina Capital S.A.S. now owns 2,811 shares of the industrial products company’s stock valued at $1,086,000 after acquiring an additional 1,617 shares during the period. Institutional investors own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

ZBRA has been the subject of a number of analyst reports. Morgan Stanley cut their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Truist Financial reduced their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. UBS Group lowered their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Robert W. Baird reduced their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Finally, Citigroup began coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the business’s stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.04% of the stock is owned by insiders.

Zebra Technologies Trading Up 2.7 %

Shares of ZBRA stock opened at $278.97 on Friday. The business has a 50-day moving average price of $353.87 and a two-hundred day moving average price of $369.03. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm has a market cap of $14.33 billion, a P/E ratio of 27.40 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last released its 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). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Equities analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

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.