Polymer Capital Management US LLC Invests $238,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Polymer Capital Management US LLC bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 616 shares of the industrial products company’s stock, valued at approximately $238,000.

Several other hedge funds also recently modified their holdings of the company. Benjamin Edwards Inc. raised its holdings in shares of Zebra Technologies by 264.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 616 shares of the industrial products company’s stock worth $228,000 after purchasing an additional 447 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Zebra Technologies by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,923 shares of the industrial products company’s stock valued at $2,190,000 after buying an additional 245 shares during the period. IHT Wealth Management LLC grew its stake in shares of Zebra Technologies by 47.9% in the 3rd quarter. IHT Wealth Management LLC now owns 1,075 shares of the industrial products company’s stock valued at $396,000 after buying an additional 348 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Zebra Technologies by 39.8% in the third quarter. Quantinno Capital Management LP now owns 2,324 shares of the industrial products company’s stock worth $861,000 after purchasing an additional 662 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new position in shares of Zebra Technologies in the third quarter valued at approximately $892,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on ZBRA. Truist Financial cut their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Robert W. Baird decreased their price objective 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. Citigroup assumed coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price for the company. UBS Group cut their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Barclays cut their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $381.42.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $223.49 on Tuesday. Zebra Technologies Co. has a one year low of $208.35 and a one year high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The stock’s 50-day moving average is $313.36 and its 200-day moving average is $362.18. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 21.95 and a beta of 1.76.

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