Huntington National Bank Buys 93 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Huntington National Bank raised its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 14.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 726 shares of the industrial products company’s stock after buying an additional 93 shares during the period. Huntington National Bank’s holdings in Zebra Technologies were worth $280,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ZBRA. Norges Bank bought a new position in Zebra Technologies in the fourth quarter valued at $201,420,000. Schroder Investment Management Group increased its position 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 valued at $379,930,000 after purchasing an additional 379,491 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Zebra Technologies during the 4th quarter valued at about $140,039,000. Arrowstreet Capital Limited Partnership lifted its position in Zebra Technologies by 434.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company’s stock worth $153,188,000 after buying an additional 322,475 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after buying an additional 89,765 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ZBRA. Barclays lowered their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Citigroup began coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. Morgan Stanley decreased their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Needham & Company LLC dropped their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, Robert W. Baird decreased their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Stock Down 6.3 %

Shares of NASDAQ ZBRA opened at $223.49 on Friday. The firm has a fifty day simple moving average of $316.88 and a two-hundred day simple moving average of $363.03. The firm has a market capitalization of $11.48 billion, a PE ratio of 21.95 and a beta of 1.68. 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 Co. has a 12 month low of $208.35 and a 12 month high of $427.76.

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

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.