525 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Acquired by Choate Investment Advisors

Choate Investment Advisors acquired a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 525 shares of the industrial products company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its stake in shares of Zebra Technologies by 1.9% during the 4th quarter. Natixis Advisors LLC now owns 23,656 shares of the industrial products company’s stock valued at $9,136,000 after buying an additional 430 shares during the period. Van Strum & Towne Inc. boosted its stake in shares of Zebra Technologies by 5.0% during the 4th quarter. Van Strum & Towne Inc. now owns 1,050 shares of the industrial products company’s stock valued at $406,000 after buying an additional 50 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of Zebra Technologies during the 4th quarter valued at $31,000. Midwest Professional Planners LTD. acquired a new stake in shares of Zebra Technologies during the 4th quarter valued at $373,000. Finally, Atala Financial Inc acquired a new stake in shares of Zebra Technologies during the 4th quarter valued at $61,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ZBRA shares. Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report 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 on the stock in a report on Friday, February 14th. Barclays dropped their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. UBS Group lowered their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley lowered their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Five research 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’s stock. According to data from MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $285.27 on Tuesday. The firm has a market cap of $14.66 billion, a PE ratio of 28.02 and a beta of 1.68. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month 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. The company’s 50-day moving average price is $351.67 and its two-hundred day moving average price is $368.97.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS 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 firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. On average, equities analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal 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.