The Manufacturers Life Insurance Company Has $75.23 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

The Manufacturers Life Insurance Company raised its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 93.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,785 shares of the industrial products company’s stock after purchasing an additional 93,910 shares during the period. The Manufacturers Life Insurance Company’s holdings in Zebra Technologies were worth $75,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Zebra Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock valued at $2,417,942,000 after buying an additional 55,130 shares in the last quarter. Invesco Ltd. grew its position in Zebra Technologies by 1.5% during the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company’s stock worth $549,586,000 after acquiring an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Zebra Technologies by 7.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company’s stock worth $500,701,000 after purchasing an additional 86,766 shares in the last quarter. Geode Capital Management LLC raised its position in Zebra Technologies by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company’s stock valued at $491,935,000 after purchasing an additional 30,496 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Zebra Technologies by 62.8% during the fourth 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. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Trading Up 5.2 %

ZBRA opened at $256.05 on Wednesday. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a market cap of $13.16 billion, a P/E ratio of 25.15 and a beta of 1.76. The company has a fifty day moving average price of $267.02 and a two-hundred day moving average price of $345.28. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 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 firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Ratings Changes

ZBRA has been the subject of several recent research reports. Robert W. Baird lowered their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Barclays cut their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Morgan Stanley decreased their price objective on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Needham & Company LLC cut their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, UBS Group decreased their price target 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. 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $343.36.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the 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 acquisition, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.84% of the company’s stock.

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.