Orion Portfolio Solutions LLC Buys 145 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Orion Portfolio Solutions LLC raised its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,049 shares of the industrial products company’s stock after acquiring an additional 145 shares during the period. Orion Portfolio Solutions LLC’s holdings in Zebra Technologies were worth $2,722,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its position in shares of Zebra Technologies by 2,423.5% during 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. Glenmede Trust Co. NA increased its holdings in shares of Zebra Technologies by 31.6% during the third quarter. Glenmede Trust Co. NA now owns 1,382 shares of the industrial products company’s stock worth $512,000 after buying an additional 332 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Zebra Technologies by 33.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,415 shares of the industrial products company’s stock valued at $3,857,000 after acquiring an additional 2,593 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Zebra Technologies by 15.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,256 shares of the industrial products company’s stock worth $835,000 after acquiring an additional 300 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in Zebra Technologies during the 3rd quarter worth approximately $280,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price 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 $62,876,736. This represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ZBRA shares. Barclays cut their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. UBS Group reduced their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Citigroup began coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective for the company. Morgan Stanley reduced 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 report on Friday, February 14th. Finally, Needham & Company LLC lowered their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Stock Up 0.6 %

Shares of Zebra Technologies stock opened at $282.56 on Tuesday. The business has a fifty day simple moving average of $329.71 and a 200 day simple moving average of $365.67. The stock has a market cap of $14.52 billion, a PE ratio of 27.76 and a beta of 1.68. 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 Co. has a 12 month low of $266.75 and a 12 month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced 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 company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Research analysts predict that Zebra Technologies Co. will post 13.71 EPS 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.