PGGM Investments Purchases Shares of 433 Zebra Technologies Co. (NASDAQ:ZBRA)

PGGM Investments bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 433 shares of the industrial products company’s stock, valued at approximately $167,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ZBRA. Assetmark Inc. boosted its holdings in shares of Zebra Technologies by 794.1% in the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 135 shares during the period. Apollon Wealth Management LLC boosted its holdings in shares of Zebra Technologies by 59.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,113 shares of the industrial products company’s stock worth $412,000 after purchasing an additional 415 shares during the period. Entropy Technologies LP purchased a new position in shares of Zebra Technologies in the 3rd quarter worth approximately $357,000. Huntington National Bank boosted its holdings in shares of Zebra Technologies by 28.4% in the 3rd quarter. Huntington National Bank now owns 633 shares of the industrial products company’s stock worth $234,000 after purchasing an additional 140 shares during the period. Finally, Metis Global Partners LLC boosted its holdings in shares of Zebra Technologies by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock worth $611,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.04% of the company’s stock.

Zebra Technologies Trading Up 2.7 %

ZBRA opened at $278.97 on Friday. The firm has a market cap of $14.33 billion, a price-to-earnings ratio of 27.40 and a beta of 1.68. 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 12 month low of $266.75 and a 12 month high of $427.76. The stock has a fifty day moving average price of $353.87 and a 200-day moving average price of $369.03.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company 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%. As a group, equities research analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ZBRA shares. Robert W. Baird dropped their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Barclays decreased their price target 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. Truist Financial decreased their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Morgan Stanley decreased their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, Citigroup started coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $381.42.

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.