Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Zebra Technologies Corporation (NASDAQ:ZBRA) by 1.8% in the first quarter, Holdings Channel.com reports. The firm owned 313,340 shares of the industrial products company’s stock after acquiring an additional 5,451 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Zebra Technologies were worth $88,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Brown Advisory Inc. lifted its position in Zebra Technologies by 8.7% in the first quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company’s stock valued at $495,000 after purchasing an additional 140 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in 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 valued at $2,236,000 after purchasing an additional 1,964 shares during the period. Coldstream Capital Management Inc. lifted its position in 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 valued at $460,000 after purchasing an additional 72 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Zebra Technologies by 1.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company’s stock valued at $981,000 after acquiring an additional 66 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in shares of Zebra Technologies by 6.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company’s stock valued at $6,024,000 after acquiring an additional 1,267 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ZBRA shares. UBS Group reduced their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. BNP Paribas upgraded shares of Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. Wall Street Zen downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Barclays lifted their price target on shares of Zebra Technologies from $263.00 to $301.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Finally, Truist Financial lifted their price target on shares of Zebra Technologies from $269.00 to $319.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $357.44.

Zebra Technologies Trading Up 5.0%

Shares of Zebra Technologies stock opened at $328.14 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. Zebra Technologies Corporation has a 1 year low of $205.73 and a 1 year high of $427.76. The company has a market capitalization of $16.69 billion, a P/E ratio of 30.99 and a beta of 1.75. The business has a 50 day moving average price of $314.35 and a 200 day moving average price of $298.55.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.30. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $3.18 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Sell-side analysts anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies announced that its board has approved a stock buyback program on Tuesday, August 5th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the industrial products company to repurchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.