Ariel Investments LLC Has $90.50 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Ariel Investments LLC decreased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 20.8% in the fourth quarter, Holdings Channel reports. The firm owned 234,318 shares of the industrial products company’s stock after selling 61,643 shares during the quarter. Ariel Investments LLC’s holdings in Zebra Technologies were worth $90,498,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Zebra Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock worth $2,417,942,000 after buying an additional 55,130 shares in the last quarter. Invesco Ltd. raised its stake in Zebra Technologies by 1.5% during the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company’s stock worth $549,586,000 after acquiring an additional 20,992 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Zebra Technologies by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company’s stock worth $500,701,000 after acquiring an additional 86,766 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Zebra Technologies by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company’s stock valued at $491,935,000 after acquiring an additional 30,496 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Zebra Technologies by 62.8% in the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock valued at $379,930,000 after purchasing an additional 379,491 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Needham & Company LLC cut their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday. StockNews.com cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. Robert W. Baird increased their price target on Zebra Technologies from $286.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group cut their price objective on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Truist Financial decreased their target price on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $321.73.

Zebra Technologies Trading Up 2.5 %

Shares of ZBRA opened at $255.95 on Friday. The stock’s fifty day simple moving average is $263.52 and its 200-day simple moving average is $342.92. The firm has a market capitalization of $13.15 billion, a PE ratio of 25.14 and a beta of 1.76. Zebra Technologies Co. has a 12-month low of $205.73 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.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company posted $2.84 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. As a group, research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.84% of the company’s stock.

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.