Rowlandmiller & PARTNERS.ADV Raises Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Rowlandmiller & PARTNERS.ADV raised its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,799 shares of the industrial products company’s stock after buying an additional 105 shares during the period. Zebra Technologies makes up approximately 1.4% of Rowlandmiller & PARTNERS.ADV’s holdings, making the stock its 22nd largest holding. Rowlandmiller & PARTNERS.ADV’s holdings in Zebra Technologies were worth $6,488,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new position in Zebra Technologies in the third quarter valued at about $247,000. Point72 DIFC Ltd purchased a new position in Zebra Technologies in the third quarter valued at about $2,113,000. Versor Investments LP purchased a new position in Zebra Technologies in the third quarter valued at about $1,752,000. LVM Capital Management Ltd. MI purchased a new position in Zebra Technologies in the fourth quarter valued at about $643,000. Finally, Cerity Partners LLC increased its stake in shares of Zebra Technologies by 45.3% during the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after purchasing an additional 3,328 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ZBRA. Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Truist Financial dropped their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Citigroup began coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. UBS Group dropped their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Robert W. Baird dropped their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Stock Down 3.1 %

Shares of ZBRA opened at $311.05 on Monday. The firm has a market cap of $15.98 billion, a PE ratio of 30.56 and a beta of 1.63. The company’s fifty day moving average is $382.03 and its two-hundred day moving average is $373.80. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week 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.

Zebra Technologies (NASDAQ:ZBRA) last announced 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). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.