Quantinno Capital Management LP Raises Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Quantinno Capital Management LP lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 645.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,335 shares of the industrial products company’s stock after acquiring an additional 15,011 shares during the quarter. Quantinno Capital Management LP’s holdings in Zebra Technologies were worth $6,695,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its position in shares of Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after buying an additional 36 shares during the period. Sierra Ocean LLC purchased a new position in Zebra Technologies in the fourth quarter valued at about $28,000. Picton Mahoney Asset Management purchased a new position in Zebra Technologies in the fourth quarter valued at about $31,000. Avalon Trust Co purchased a new position in Zebra Technologies in the fourth quarter valued at about $35,000. Finally, Coppell Advisory Solutions LLC purchased a new position in Zebra Technologies in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Up 0.8%

Shares of NASDAQ ZBRA opened at $300.62 on Friday. The stock’s 50 day moving average price is $259.25 and its two-hundred day moving average price is $336.60. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76. The stock has a market capitalization of $15.29 billion, a P/E ratio of 29.53 and a beta of 1.74. 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 announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.42. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.84 EPS. On average, analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of analyst reports. Needham & Company LLC reduced their price target on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Citigroup reduced their price target on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Truist Financial reduced their price target on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, April 8th. StockNews.com downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Finally, UBS Group reduced their price target on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $321.73.

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. This trade represents 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 hyperlink. Insiders own 0.84% of the company’s stock.

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.