Van ECK Associates Corp Acquires 6,872 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Van ECK Associates Corp raised its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 56.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,028 shares of the industrial products company’s stock after acquiring an additional 6,872 shares during the period. Van ECK Associates Corp’s holdings in Zebra Technologies were worth $5,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Zebra Technologies by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,060,033 shares of the industrial products company’s stock valued at $1,433,380,000 after acquiring an additional 36,194 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Zebra Technologies by 4.9% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,646,301 shares of the industrial products company’s stock valued at $389,400,000 after purchasing an additional 77,086 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Zebra Technologies by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 1,191,194 shares of the industrial products company’s stock valued at $281,753,000 after purchasing an additional 92,055 shares in the last quarter. Black Creek Investment Management Inc. boosted its stake in shares of Zebra Technologies by 6.3% during the third quarter. Black Creek Investment Management Inc. now owns 992,730 shares of the industrial products company’s stock valued at $234,810,000 after purchasing an additional 59,200 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Zebra Technologies by 20.0% during the third quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock valued at $186,648,000 after purchasing an additional 131,383 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of recent research reports. Barclays initiated coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price target on the stock. TD Cowen lifted their price target on Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday. Truist Financial reaffirmed a “hold” rating and issued a $315.00 price objective (up from $300.00) on shares of Zebra Technologies in a research note on Wednesday. Robert W. Baird lifted their price objective on Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Needham & Company LLC lifted their price objective on Zebra Technologies from $320.00 to $352.00 and gave the stock a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $310.64.

Insider Activity

In other news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares in the company, valued at $1,548,492.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

Shares of ZBRA opened at $309.59 on Friday. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $322.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.54 and a current ratio of 0.99. The business’s 50 day moving average price is $289.78 and its two-hundred day moving average price is $258.44. The firm has a market cap of $15.91 billion, a PE ratio of 61.43 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.71. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.59 earnings per share. On average, equities analysts anticipate that Zebra Technologies Co. will post 10.47 EPS for the current year.

Zebra Technologies 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.