CIBC Private Wealth Group LLC Purchases 69 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

CIBC Private Wealth Group LLC lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 9.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 818 shares of the industrial products company’s stock after acquiring an additional 69 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Zebra Technologies were worth $325,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Zebra Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock worth $2,417,942,000 after purchasing an additional 55,130 shares during the period. State Street Corp boosted its holdings in 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 period. Geode Capital Management LLC raised its holdings in Zebra Technologies by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock valued at $459,766,000 after acquiring an additional 14,237 shares during the period. Schroder Investment Management Group raised its holdings in Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock valued at $379,930,000 after acquiring an additional 379,491 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Zebra Technologies by 3.0% in the fourth quarter. JPMorgan Chase & Co. now owns 934,609 shares of the industrial products company’s stock worth $360,965,000 after acquiring an additional 27,544 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of a number of recent research reports. UBS Group dropped their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Truist Financial cut their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Robert W. Baird decreased their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Barclays cut their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Finally, Citigroup began coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is owned by company insiders.

Zebra Technologies Trading Down 6.3 %

Shares of ZBRA stock opened at $223.49 on Friday. The stock has a market capitalization of $11.48 billion, a PE ratio of 21.95 and a beta of 1.68. Zebra Technologies Co. has a 1-year low of $208.35 and a 1-year high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The business has a 50-day moving average of $316.88 and a 200 day moving average of $363.09.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current 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.