Invesco Ltd. Buys 20,992 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Invesco Ltd. lifted its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,422,986 shares of the industrial products company’s stock after purchasing an additional 20,992 shares during the period. Invesco Ltd. owned about 2.76% of Zebra Technologies worth $549,586,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ZBRA. Polymer Capital Management US LLC purchased a new position in Zebra Technologies during the 4th quarter valued at about $238,000. Cerity Partners LLC increased its stake in shares of Zebra Technologies by 7.7% during the fourth quarter. Cerity Partners LLC now owns 11,494 shares of the industrial products company’s stock valued at $4,294,000 after buying an additional 826 shares during the period. FMR LLC raised its holdings in shares of Zebra Technologies by 181.1% during the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company’s stock valued at $299,585,000 after acquiring an additional 499,736 shares in the last quarter. Federated Hermes Inc. lifted its stake in Zebra Technologies by 51.8% in the fourth quarter. Federated Hermes Inc. now owns 416 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 142 shares during the period. Finally, Aster Capital Management DIFC Ltd boosted its holdings in Zebra Technologies by 434.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 283 shares of the industrial products company’s stock valued at $109,000 after acquiring an additional 230 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

ZBRA has been the topic of a number of recent research reports. Morgan Stanley reduced their target price on shares of Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Robert W. Baird decreased their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. UBS Group reduced their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Needham & Company LLC reduced their price objective 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, Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $359.73.

Zebra Technologies Price Performance

ZBRA stock opened at $213.54 on Wednesday. The company has a market capitalization of $10.97 billion, a PE ratio of 20.98 and a beta of 1.76. Zebra Technologies Co. has a one year low of $208.35 and a one year high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The company’s fifty day moving average price is $305.80 and its 200-day moving average price is $360.07.

Zebra Technologies (NASDAQ:ZBRA) last posted its 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 analysts’ expectations of $1.31 billion. On average, equities analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

About Zebra Technologies

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.