Venturi Wealth Management LLC Buys 290 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Venturi Wealth Management LLC grew its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 28.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,319 shares of the industrial products company’s stock after acquiring an additional 290 shares during the quarter. Venturi Wealth Management LLC’s holdings in Zebra Technologies were worth $509,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ZBRA. State Street Corp lifted its position in shares of Zebra Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after buying an additional 70,771 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Zebra Technologies by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after buying an additional 14,237 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after buying an additional 89,765 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Zebra Technologies by 2.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock worth $169,016,000 after buying an additional 10,956 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Zebra Technologies by 2,423.5% during the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock worth $102,189,000 after buying an additional 265,014 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ZBRA. Citigroup began coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. TD Cowen lifted their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Needham & Company LLC cut their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. 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 note on Tuesday. Finally, Morgan Stanley cut their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $324.75 on Thursday. The stock’s 50 day moving average is $385.62 and its 200 day moving average is $373.40. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The firm has a market cap of $16.75 billion, a P/E ratio of 31.90 and a beta of 1.63. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. As a group, research analysts expect that Zebra Technologies Co. will post 14.82 EPS for the current 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.