WCM Investment Management LLC raised its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 11.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,490 shares of the industrial products company’s stock after purchasing an additional 1,081 shares during the period. WCM Investment Management LLC’s holdings in Zebra Technologies were worth $3,244,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ZBRA. Trust Co. of Toledo NA OH acquired a new position in Zebra Technologies during the second quarter valued at approximately $25,000. Zions Bancorporation National Association UT acquired a new position in Zebra Technologies during the first quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC acquired a new position in Zebra Technologies during the first quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Zebra Technologies during the first quarter valued at approximately $30,000. Finally, Brooklyn Investment Group grew its stake in shares of Zebra Technologies by 101.9% in the first quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.
Zebra Technologies Stock Up 0.2%
Shares of ZBRA stock opened at $293.93 on Friday. The stock has a market cap of $14.95 billion, a P/E ratio of 27.76 and a beta of 1.75. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The stock has a fifty day moving average price of $309.74 and a 200 day moving average price of $294.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03.
Zebra Technologies announced that its Board of Directors has approved a stock buyback plan on Tuesday, August 5th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Analyst Ratings Changes
Several brokerages have recently issued reports on ZBRA. Truist Financial raised their price objective on shares of Zebra Technologies from $319.00 to $350.00 and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Robert W. Baird raised their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an “outperform” rating in a research note on Monday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Zebra Technologies in a research note on Wednesday, October 8th. Citigroup raised their price objective on shares of Zebra Technologies from $340.00 to $346.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Finally, Morgan Stanley raised their price objective on shares of Zebra Technologies from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $369.56.
Get Our Latest Research Report on Zebra Technologies
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.
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