Royal London Asset Management Ltd. Acquires 419 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Royal London Asset Management Ltd. lifted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,091 shares of the industrial products company’s stock after acquiring an additional 419 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Zebra Technologies were worth $8,146,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. State Street Corp increased its stake in Zebra Technologies by 3.4% in the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after purchasing an additional 70,771 shares during the period. Geode Capital Management LLC increased its stake in shares of Zebra Technologies by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after buying an additional 14,237 shares during the period. JPMorgan Chase & Co. raised its holdings in Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after buying an additional 89,765 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Zebra Technologies by 2.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock valued at $169,016,000 after buying an additional 10,956 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Zebra Technologies during the 4th quarter valued at $140,039,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Activity

In other news, Director Anders Gustafsson purchased 500 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ZBRA shares. UBS Group decreased their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Barclays reduced their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Robert W. Baird dropped their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Needham & Company LLC reduced their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Truist Financial dropped their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $289.99 on Monday. The company has a 50 day simple moving average of $343.03 and a two-hundred day simple moving average of $367.52. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 28.49 and a beta of 1.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

About Zebra Technologies

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.