Price T Rowe Associates Inc. MD Increases Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Price T Rowe Associates Inc. MD increased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 7.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,296,412 shares of the industrial products company’s stock after acquiring an additional 86,766 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Zebra Technologies were worth $500,701,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. LVM Capital Management Ltd. MI acquired a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $643,000. Jones Financial Companies Lllp grew its position in Zebra Technologies by 334.4% in the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company’s stock worth $263,000 after acquiring an additional 525 shares during the period. Board of the Pension Protection Fund acquired a new stake in Zebra Technologies during the fourth quarter worth $695,000. Allspring Global Investments Holdings LLC raised its position in Zebra Technologies by 47.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company’s stock valued at $80,857,000 after purchasing an additional 67,742 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after purchasing an additional 89,765 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Trading Up 4.1 %

NASDAQ:ZBRA opened at $244.08 on Friday. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76. The firm has a market cap of $12.54 billion, a PE ratio of 23.98 and a beta of 1.76. 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 stock has a fifty day moving average price of $271.64 and a 200 day moving average price of $348.01.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data 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 net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group cut their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Barclays dropped their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Citigroup decreased their price objective 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. Robert W. Baird dropped their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Finally, Morgan Stanley decreased their price target on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $343.36.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.84% of the stock is currently owned by company 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.