Board of the Pension Protection Fund Purchases Shares of 1,800 Zebra Technologies Co. (NASDAQ:ZBRA)

Board of the Pension Protection Fund bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, Holdings Channel reports. The fund bought 1,800 shares of the industrial products company’s stock, valued at approximately $695,000.

Several other large investors have also added to or reduced their stakes in the stock. WCM Investment Management LLC lifted its position in shares of Zebra Technologies by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock worth $3,502,000 after purchasing an additional 27 shares during the period. KPP Advisory Services LLC boosted its position in Zebra Technologies by 2.3% during the 3rd quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock valued at $461,000 after acquiring an additional 28 shares in the last quarter. Cascade Investment Advisors Inc. grew its holdings in shares of Zebra Technologies by 0.7% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company’s stock worth $1,625,000 after acquiring an additional 30 shares during the period. Private Advisor Group LLC raised its holdings in Zebra Technologies by 1.4% in the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock worth $821,000 after purchasing an additional 31 shares in the last quarter. Finally, Metis Global Partners LLC grew its holdings in Zebra Technologies by 1.9% in the third quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock worth $611,000 after purchasing an additional 31 shares during the period. Institutional investors own 91.03% of the company’s stock.

Insider Buying and Selling at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ZBRA has been the topic of several analyst reports. Barclays upped their price objective on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Citigroup assumed coverage on shares of Zebra Technologies in a research report on Tuesday. They set a “neutral” rating and a $430.00 price objective on the stock. Morgan Stanley upped their target price on shares of Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird increased their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Five investment 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $401.17.

Zebra Technologies Trading Up 3.3 %

Shares of ZBRA stock opened at $394.40 on Wednesday. The company has a market cap of $20.34 billion, a PE ratio of 53.66 and a beta of 1.64. Zebra Technologies Co. has a 1 year low of $233.95 and a 1 year high of $413.43. The stock’s 50 day simple moving average is $396.43 and its two-hundred day simple moving average is $363.80. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results 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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $0.57 EPS. The firm’s revenue was up 31.3% compared to the same quarter last year. Research analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current 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.