SlateStone Wealth LLC lifted its position in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 7.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,832 shares of the industrial products company’s stock after acquiring an additional 703 shares during the period. SlateStone Wealth LLC’s holdings in Zebra Technologies were worth $3,032,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of ZBRA. Vanguard Group Inc. lifted its position in Zebra Technologies by 1.0% during the second quarter. Vanguard Group Inc. now owns 6,426,782 shares of the industrial products company’s stock valued at $1,981,762,000 after purchasing an additional 61,312 shares during the period. Boston Partners increased its position in Zebra Technologies by 18.0% in the second quarter. Boston Partners now owns 1,125,153 shares of the industrial products company’s stock worth $346,927,000 after buying an additional 171,669 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Zebra Technologies by 2.8% in the second quarter. JPMorgan Chase & Co. now owns 1,005,729 shares of the industrial products company’s stock worth $310,130,000 after purchasing an additional 27,620 shares during the period. Northern Trust Corp increased its stake in Zebra Technologies by 15.8% in the 1st quarter. Northern Trust Corp now owns 575,869 shares of the industrial products company’s stock worth $162,718,000 after buying an additional 78,506 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Zebra Technologies by 5.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 521,785 shares of the industrial products company’s stock worth $160,898,000 after purchasing an additional 26,680 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.
Zebra Technologies Stock Up 0.6%
NASDAQ ZBRA opened at $242.45 on Tuesday. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 24.44 and a beta of 1.80. The company has a quick ratio of 1.03, a current ratio of 1.61 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average of $282.60 and a two-hundred day moving average of $300.60.
Zebra Technologies declared that its Board of Directors has approved a stock buyback plan on Tuesday, August 5th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
Insider Activity
In other Zebra Technologies news, Director Satish Dhanasekaran bought 1,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average price of $233.12 per share, with a total value of $233,120.00. Following the completion of the purchase, the director owned 3,356 shares in the company, valued at $782,350.72. This represents a 42.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.84% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on ZBRA. Truist Financial lowered their target price on Zebra Technologies from $350.00 to $331.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. Zacks Research downgraded shares of Zebra Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Barclays lowered their price objective on shares of Zebra Technologies from $375.00 to $360.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Needham & Company LLC lifted their price objective on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley upped their target price on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $354.00.
Get Our Latest Report on Zebra Technologies
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.
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