Robeco Schweiz AG Acquires Shares of 747 Zebra Technologies Co. (NASDAQ:ZBRA)

Robeco Schweiz AG acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 747 shares of the industrial products company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZBRA. Victory Capital Management Inc. lifted its holdings in Zebra Technologies by 663.2% in the 4th quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock valued at $264,270,000 after purchasing an additional 840,169 shares in the last quarter. Boston Partners lifted its holdings in Zebra Technologies by 107.1% in the 4th quarter. Boston Partners now owns 1,010,774 shares of the industrial products company’s stock valued at $276,222,000 after purchasing an additional 522,779 shares in the last quarter. Norges Bank purchased a new position in shares of Zebra Technologies during the 4th quarter worth $102,886,000. APG Asset Management US Inc. purchased a new position in shares of Zebra Technologies during the 4th quarter worth $67,476,000. Finally, Causeway Capital Management LLC purchased a new position in shares of Zebra Technologies during the 3rd quarter worth $48,995,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ZBRA shares. UBS Group lifted their price target on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Truist Financial reiterated a “hold” rating and set a $315.00 price target (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday, May 1st. StockNews.com upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Needham & Company LLC lifted their price target on Zebra Technologies from $352.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, TD Cowen boosted their price objective on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Zebra Technologies has a consensus rating of “Hold” and a consensus price target of $312.27.

Zebra Technologies Stock Down 0.7 %

NASDAQ:ZBRA traded down $2.06 during mid-day trading on Tuesday, reaching $300.54. The stock had a trading volume of 3,600 shares, compared to its average volume of 359,430. The company has a market capitalization of $15.45 billion, a price-to-earnings ratio of 60.04 and a beta of 1.70. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $328.70. The stock’s 50 day simple moving average is $304.74 and its two-hundred day simple moving average is $278.29. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company posted $3.59 earnings per share. Zebra Technologies’s revenue was down 16.4% on a year-over-year basis. Equities analysts anticipate that Zebra Technologies Co. will post 10.76 EPS for the current year.

Insider Activity

In other news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.04% 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.