Lecap Asset Management Ltd. Invests $744,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Lecap Asset Management Ltd. acquired a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,409 shares of the industrial products company’s stock, valued at approximately $744,000.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of Zebra Technologies by 663.2% in the 4th quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock worth $264,270,000 after purchasing an additional 840,169 shares during the period. Boston Partners raised its stake in Zebra Technologies by 107.1% during the 4th quarter. Boston Partners now owns 1,010,774 shares of the industrial products company’s stock worth $276,222,000 after acquiring an additional 522,779 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Zebra Technologies by 44.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after acquiring an additional 425,207 shares during the period. Norges Bank bought a new stake in Zebra Technologies during the 4th quarter worth approximately $102,886,000. Finally, APG Asset Management US Inc. bought a new stake in Zebra Technologies during the 4th quarter worth approximately $67,476,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on ZBRA shares. Needham & Company LLC raised their target price on shares of Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. UBS Group increased their price objective on shares of Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Truist Financial reaffirmed a “hold” rating and set a $345.00 price objective (up from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. StockNews.com raised shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Robert W. Baird increased their price objective on shares of Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $349.64.

Zebra Technologies Price Performance

Shares of ZBRA stock traded up $0.49 on Thursday, reaching $345.49. The company’s stock had a trading volume of 30,319 shares, compared to its average volume of 361,068. The stock’s fifty day simple moving average is $321.19 and its 200-day simple moving average is $302.88. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $372.93. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $17.82 billion, a price-to-earnings ratio of 68.45 and a beta of 1.65.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. Zebra Technologies’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.24 earnings per share. Analysts forecast that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal 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.