Peapack Gladstone Financial Corp Grows Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Peapack Gladstone Financial Corp increased its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,929 shares of the industrial products company’s stock after buying an additional 201 shares during the period. Peapack Gladstone Financial Corp’s holdings in Zebra Technologies were worth $3,062,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZBRA. Norges Bank bought a new position in shares of Zebra Technologies in the fourth quarter worth approximately $201,420,000. Schroder Investment Management Group increased its position in shares of Zebra Technologies by 62.8% during the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock valued at $379,930,000 after acquiring an additional 379,491 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Zebra Technologies in the 4th quarter worth approximately $140,039,000. Arrowstreet Capital Limited Partnership lifted its position in Zebra Technologies by 434.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company’s stock valued at $153,188,000 after acquiring an additional 322,475 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 89,765 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

ZBRA opened at $223.49 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a 1-year low of $208.35 and a 1-year high of $427.76. The company has a 50 day simple moving average of $313.36 and a two-hundred day simple moving average of $362.18. The firm has a market cap of $11.48 billion, a P/E ratio of 21.95 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its 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). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Equities analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.06% of the company’s stock.

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.