Picton Mahoney Asset Management Takes $31,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Picton Mahoney Asset Management acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, Holdings Channel.com reports. The fund acquired 82 shares of the industrial products company’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cascade Investment Advisors Inc. grew its position in shares of Zebra Technologies by 0.6% in the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock valued at $1,704,000 after purchasing an additional 25 shares during the period. Equitable Trust Co. grew its position in shares of Zebra Technologies by 1.7% in the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock valued at $618,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Zebra Technologies by 24.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 30 shares during the period. New York Life Investment Management LLC grew its position in shares of Zebra Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company’s stock valued at $2,976,000 after purchasing an additional 30 shares during the period. Finally, Metis Global Partners LLC grew its position in shares of Zebra Technologies by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock valued at $611,000 after purchasing an additional 31 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.06% of the stock is owned by company insiders.

Zebra Technologies Trading Up 2.3 %

Shares of Zebra Technologies stock opened at $285.27 on Tuesday. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The stock has a market cap of $14.66 billion, a P/E ratio of 28.02 and a beta of 1.68. 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 business’s 50 day moving average is $351.67 and its 200-day moving average is $368.97.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Equities research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several research analyst reports. Citigroup began coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective for the company. Needham & Company LLC reduced their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Morgan Stanley reduced their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. UBS Group reduced their price target 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. Finally, Robert W. Baird reduced their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and a consensus price target of $381.42.

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.