Amalgamated Bank Grows Stake in Zebra Technologies Corporation (NASDAQ:ZBRA)

Amalgamated Bank raised its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 0.9% during the first quarter, HoldingsChannel reports. The fund owned 10,208 shares of the industrial products company’s stock after buying an additional 92 shares during the period. Amalgamated Bank’s holdings in Zebra Technologies were worth $2,884,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Zebra Technologies by 33.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company’s stock worth $2,236,000 after acquiring an additional 1,964 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Zebra Technologies by 6.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company’s stock worth $460,000 after acquiring an additional 72 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Zebra Technologies by 1.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company’s stock worth $981,000 after acquiring an additional 66 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Zebra Technologies by 334.4% during the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company’s stock valued at $263,000 after buying an additional 525 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Zebra Technologies by 6.3% during the first quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company’s stock valued at $6,024,000 after buying an additional 1,267 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Up 1.1%

ZBRA stock opened at $323.89 on Friday. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The business’s 50-day moving average is $288.87 and its two-hundred day moving average is $312.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. The company has a market cap of $16.47 billion, a price-to-earnings ratio of 30.64 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company earned $2.84 earnings per share. Zebra Technologies’s revenue was up 11.3% on a year-over-year basis. As a group, analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ZBRA shares. Robert W. Baird increased their price objective on Zebra Technologies from $290.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Morgan Stanley increased their price objective on Zebra Technologies from $245.00 to $280.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 28th. Citigroup dropped their price objective on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Truist Financial dropped their price objective on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. Finally, Wall Street Zen cut Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $331.20.

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.