Ariel Investments LLC Has $90.50 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Ariel Investments LLC trimmed its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 20.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,318 shares of the industrial products company’s stock after selling 61,643 shares during the period. Ariel Investments LLC owned about 0.45% of Zebra Technologies worth $90,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Zebra Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock worth $2,417,942,000 after purchasing an additional 55,130 shares in the last quarter. Invesco Ltd. increased its holdings in Zebra Technologies by 1.5% in the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company’s stock worth $549,586,000 after buying an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Zebra Technologies by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company’s stock valued at $500,701,000 after acquiring an additional 86,766 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 acquiring an additional 30,496 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock worth $379,930,000 after purchasing an additional 379,491 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Truist Financial reduced their price target on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. StockNews.com lowered Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group reduced their target price on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Barclays lowered their price target on Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a report on Wednesday. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $321.73.

Zebra Technologies Stock Up 2.5 %

Shares of ZBRA stock opened at $255.95 on Friday. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm has a market cap of $13.15 billion, a PE ratio of 25.14 and a beta of 1.76. The stock has a 50 day moving average of $263.52 and a 200-day moving average of $342.92.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating the consensus estimate of $3.60 by $0.42. The firm had revenue of $1.31 billion during 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 business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.84 EPS. On average, equities analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson purchased 500 shares of the business’s stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.84% of the stock is owned by corporate 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.