Teza Capital Management LLC Grows Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Teza Capital Management LLC raised its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 170.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,840 shares of the industrial products company’s stock after buying an additional 8,090 shares during the quarter. Zebra Technologies comprises about 0.8% of Teza Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Teza Capital Management LLC’s holdings in Zebra Technologies were worth $4,959,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Toronto Dominion Bank increased its holdings in shares of Zebra Technologies by 21.0% during the fourth quarter. Toronto Dominion Bank now owns 27,609 shares of the industrial products company’s stock valued at $10,663,000 after acquiring an additional 4,796 shares in the last quarter. Siemens Fonds Invest GmbH increased its holdings in shares of Zebra Technologies by 2,110.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 12,046 shares of the industrial products company’s stock valued at $4,652,000 after acquiring an additional 11,501 shares in the last quarter. Sherbrooke Park Advisers LLC increased its holdings in shares of Zebra Technologies by 173.0% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 3,792 shares of the industrial products company’s stock valued at $1,465,000 after acquiring an additional 2,403 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Zebra Technologies by 10.4% during the fourth quarter. Royal Bank of Canada now owns 256,301 shares of the industrial products company’s stock valued at $98,989,000 after acquiring an additional 24,149 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zebra Technologies during the fourth quarter valued at about $244,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $300.62 on Friday. The stock has a market capitalization of $15.29 billion, a price-to-earnings ratio of 29.53 and a beta of 1.74. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76. The firm’s 50 day simple moving average is $259.25 and its 200-day simple moving average is $336.28. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping 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 business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company earned $2.84 EPS. The business’s revenue was up 11.3% on a year-over-year basis. Analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Truist Financial cut their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, April 8th. Robert W. Baird upped their price objective on shares of Zebra Technologies from $286.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. UBS Group cut their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Needham & Company LLC cut their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Finally, Citigroup cut their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zebra Technologies presently has an average rating of “Moderate Buy” and an average price target of $321.73.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. The trade was a 0.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.84% of the stock is owned by corporate insiders.

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.