Fifth Third Bancorp Grows Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Fifth Third Bancorp lifted its position in Zebra Technologies Co. (NASDAQ:ZBRAFree Report) by 8.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,127 shares of the industrial products company’s stock after purchasing an additional 233 shares during the quarter. Fifth Third Bancorp’s holdings in Zebra Technologies were worth $884,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Zebra Technologies in the fourth quarter worth approximately $201,420,000. FMR LLC lifted its holdings in shares of Zebra Technologies by 181.1% in the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company’s stock worth $299,585,000 after acquiring an additional 499,736 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Zebra Technologies by 62.8% in the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock valued at $379,930,000 after purchasing an additional 379,491 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Zebra Technologies in the 4th quarter valued at $140,039,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Zebra Technologies by 434.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company’s stock valued at $153,188,000 after purchasing an additional 322,475 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $293.06 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The firm has a market cap of $14.90 billion, a P/E ratio of 28.79 and a beta of 1.75. The business’s 50 day moving average price is $268.34 and its 200-day moving average price is $320.85.

Zebra Technologies (NASDAQ:ZBRAGet Free Report) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.84 earnings per share. On average, equities research analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Robert W. Baird boosted their price target on shares of Zebra Technologies from $290.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Morgan Stanley boosted their target price on Zebra Technologies from $245.00 to $280.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 28th. Barclays reduced their price target on Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Needham & Company LLC decreased their price target on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Finally, Citigroup dropped their price objective on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.20.

View Our Latest Analysis on ZBRA

Zebra Technologies Profile

(Free Report)

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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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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