Charles Schwab Investment Management Inc. Boosts Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Charles Schwab Investment Management Inc. lifted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 307,889 shares of the industrial products company’s stock after acquiring an additional 8,910 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Zebra Technologies were worth $118,913,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its position in Zebra Technologies by 6.3% during the third quarter. Principal Financial Group Inc. now owns 110,417 shares of the industrial products company’s stock valued at $40,890,000 after buying an additional 6,514 shares during the period. Equitable Trust Co. boosted its holdings in Zebra Technologies by 2.3% during the 3rd quarter. Equitable Trust Co. now owns 1,573 shares of the industrial products company’s stock valued at $583,000 after acquiring an additional 35 shares during the period. Assetmark Inc. boosted its holdings in Zebra Technologies by 794.1% during the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 135 shares during the period. Mesirow Financial Investment Management Inc. grew its position in Zebra Technologies by 100.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 3,026 shares of the industrial products company’s stock worth $1,121,000 after acquiring an additional 1,513 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Zebra Technologies by 62.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,029 shares of the industrial products company’s stock worth $381,000 after purchasing an additional 396 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Price Performance

ZBRA opened at $292.69 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market cap of $15.04 billion, a price-to-earnings ratio of 28.75 and a beta of 1.68. The stock has a fifty day simple moving average of $364.64 and a two-hundred day simple moving average of $371.57. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month 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). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Anders Gustafsson purchased 500 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ZBRA shares. UBS Group dropped their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Morgan Stanley cut their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. Truist Financial dropped their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, Barclays reduced their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $381.42.

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.