Robeco Institutional Asset Management B.V. Grows Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Robeco Institutional Asset Management B.V. lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,061 shares of the industrial products company’s stock after purchasing an additional 17,936 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Zebra Technologies were worth $71,474,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ZBRA. State Street Corp grew its stake in shares of Zebra Technologies by 3.4% in the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after buying an additional 70,771 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Zebra Technologies by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after acquiring an additional 14,237 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Zebra Technologies by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after acquiring an additional 89,765 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Zebra Technologies by 4.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company’s stock worth $158,001,000 after purchasing an additional 18,922 shares during the last quarter. Finally, FMR LLC boosted its stake in Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock worth $102,189,000 after purchasing an additional 265,014 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $399.59 on Thursday. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 12 month low of $233.95 and a 12 month high of $427.76. The stock has a market cap of $20.61 billion, a price-to-earnings ratio of 54.37 and a beta of 1.64. The company’s 50 day moving average is $399.43 and its two-hundred day moving average is $370.38.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm earned $0.57 EPS. The company’s revenue was up 31.3% on a year-over-year basis. As a group, research analysts anticipate that Zebra Technologies Co. will post 11.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of analyst reports. Barclays raised their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Citigroup began coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective for the company. Morgan Stanley raised their price target on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Truist Financial raised their target price on shares of Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.25.

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.