Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board raised its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 18.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,003 shares of the industrial products company’s stock after buying an additional 307 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Zebra Technologies were worth $637,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in Zebra Technologies by 0.6% in the 1st quarter. Franklin Resources Inc. now owns 825,813 shares of the industrial products company’s stock worth $262,609,000 after buying an additional 4,607 shares during the last quarter. Inceptionr LLC acquired a new stake in Zebra Technologies in the 1st quarter worth about $481,000. FORA Capital LLC boosted its holdings in Zebra Technologies by 54.4% in the 1st quarter. FORA Capital LLC now owns 5,696 shares of the industrial products company’s stock worth $1,811,000 after buying an additional 2,006 shares during the last quarter. Norinchukin Bank The boosted its holdings in Zebra Technologies by 3.1% in the 1st quarter. Norinchukin Bank The now owns 3,279 shares of the industrial products company’s stock worth $1,043,000 after buying an additional 98 shares during the last quarter. Finally, Clearbridge Investments LLC acquired a new stake in Zebra Technologies in the 1st quarter worth about $37,146,000. 85.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zebra Technologies

In other news, CEO Bill Burns bought 1,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were bought at an average price of $249.40 per share, with a total value of $249,400.00. Following the completion of the transaction, the chief executive officer now directly owns 20,787 shares in the company, valued at $5,184,277.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought a total of 3,000 shares of company stock valued at $742,880 over the last quarter. 1.06% of the stock is owned by company insiders.

Zebra Technologies Stock Down 3.0 %

Shares of NASDAQ ZBRA opened at $264.24 on Friday. The firm has a market cap of $13.57 billion, a price-to-earnings ratio of 21.12 and a beta of 1.67. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 0.68. Zebra Technologies Co. has a 52-week low of $224.87 and a 52-week high of $351.74. The business’s 50 day moving average is $282.12 and its two-hundred day moving average is $284.67.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, August 1st. The industrial products company reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.33. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 27.44% and a net margin of 11.82%. The firm’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.22 earnings per share. Research analysts predict that Zebra Technologies Co. will post 10.14 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Robert W. Baird lowered their target price on Zebra Technologies from $322.00 to $283.00 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. TD Cowen boosted their target price on Zebra Technologies from $270.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday. StockNews.com assumed coverage on Zebra Technologies in a report on Thursday, August 17th. They set a “hold” rating on the stock. Wolfe Research upgraded Zebra Technologies from an “underperform” rating to a “peer perform” rating in a report on Wednesday, August 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $285.00 target price on shares of Zebra Technologies in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $319.71.

About Zebra Technologies

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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.