Clearbridge Investments LLC Increases Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Clearbridge Investments LLC boosted its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 3.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 128,931 shares of the industrial products company’s stock after acquiring an additional 4,322 shares during the period. Clearbridge Investments LLC owned about 0.25% of Zebra Technologies worth $38,865,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ZBRA. Westfield Capital Management Co. LP grew its holdings in Zebra Technologies by 22.1% in the first quarter. Westfield Capital Management Co. LP now owns 172,805 shares of the industrial products company’s stock valued at $52,090,000 after purchasing an additional 31,262 shares during the period. Jade Capital Advisors LLC purchased a new stake in shares of Zebra Technologies during the 1st quarter valued at $3,768,000. Orion Portfolio Solutions LLC increased its holdings in shares of Zebra Technologies by 16.4% during the 1st quarter. Orion Portfolio Solutions LLC now owns 11,500 shares of the industrial products company’s stock worth $3,467,000 after buying an additional 1,620 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Zebra Technologies by 17.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60,162 shares of the industrial products company’s stock worth $18,135,000 after buying an additional 8,772 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Zebra Technologies by 9.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 58,327 shares of the industrial products company’s stock valued at $18,548,000 after acquiring an additional 4,929 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the completion of the sale, the insider now owns 3,809 shares in the company, valued at approximately $1,220,822.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Up 1.4 %

Shares of Zebra Technologies stock traded up $4.63 on Tuesday, reaching $331.20. 219,808 shares of the company were exchanged, compared to its average volume of 350,544. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $314.05 and a 200 day moving average of $291.24. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $337.08. The company has a market capitalization of $17.03 billion, a price-to-earnings ratio of 65.71 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the firm posted $3.59 EPS. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, equities research analysts forecast that Zebra Technologies Co. will post 10.76 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on ZBRA. StockNews.com upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. UBS Group upped their target price on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Truist Financial reiterated a “hold” rating and set a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a report on Wednesday, May 1st. BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $258.00 to $305.00 in a report on Thursday, June 13th. Finally, Wolfe Research upgraded Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price for the company in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $327.67.

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.