SlateStone Wealth LLC Buys 821 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

SlateStone Wealth LLC lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,458 shares of the industrial products company’s stock after buying an additional 821 shares during the period. SlateStone Wealth LLC’s holdings in Zebra Technologies were worth $3,267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in ZBRA. Cascade Investment Advisors Inc. lifted its stake in Zebra Technologies by 0.6% during the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock worth $1,704,000 after purchasing an additional 25 shares during the last quarter. Equitable Trust Co. lifted its stake in Zebra Technologies by 1.7% during the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock worth $618,000 after purchasing an additional 27 shares during the last quarter. KPP Advisory Services LLC lifted its stake in Zebra Technologies by 2.3% during the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock worth $461,000 after purchasing an additional 28 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Zebra Technologies by 24.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 30 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its stake in Zebra Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company’s stock worth $2,976,000 after purchasing an additional 30 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $278.97 on Friday. The company has a market capitalization of $14.33 billion, a price-to-earnings ratio of 27.40 and a beta of 1.68. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The stock has a fifty day simple moving average of $353.87 and a 200 day simple moving average of $369.20. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share 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 business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Sell-side analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on ZBRA shares. UBS Group cut their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Citigroup began coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. Morgan Stanley lowered their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Truist Financial lowered their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, Needham & Company LLC lowered their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $381.42.

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.