1,939 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Purchased by Impact Capital Partners LLC

Impact Capital Partners LLC bought 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 fund bought 1,939 shares of the industrial products company’s stock, valued at approximately $749,000.

Other hedge funds have also recently modified their holdings of the company. Cascade Investment Advisors Inc. boosted its position in Zebra Technologies by 0.6% in the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock worth $1,704,000 after purchasing an additional 25 shares in the last quarter. Equitable Trust Co. increased its position in shares of Zebra Technologies by 1.7% during the 4th 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 last quarter. KPP Advisory Services LLC boosted its holdings in Zebra Technologies by 2.3% during the 3rd quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock valued at $461,000 after acquiring an additional 28 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Zebra Technologies by 24.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 30 shares during the period. Finally, New York Life Investment Management LLC boosted its stake in shares of Zebra Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company’s stock valued at $2,976,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $279.18 on Thursday. The company has a market cap of $14.34 billion, a P/E ratio of 27.42 and a beta of 1.68. The business has a 50-day moving average price of $358.37 and a two-hundred day moving average price of $370.20. 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.

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

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now 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 document filed with the SEC, which can be accessed through this hyperlink. 1.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on ZBRA shares. Robert W. Baird cut their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Truist Financial decreased their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Morgan Stanley dropped their target price 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. 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 report on Friday, February 14th. Finally, UBS Group reduced their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Five equities research 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $381.42.

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.