Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 269.5% in the fourth quarter, HoldingsChannel reports. The firm owned 31,124 shares of the industrial products company’s stock after purchasing an additional 22,700 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Zebra Technologies were worth $12,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. boosted its holdings in shares of 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 valued at $1,704,000 after acquiring an additional 25 shares during the period. Equitable Trust Co. lifted its position in Zebra Technologies by 1.7% in the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock valued at $618,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Zebra Technologies by 24.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 30 shares during the period. New York Life Investment Management LLC grew its position in Zebra Technologies by 0.4% in the 4th 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. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Zebra Technologies by 2.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company’s stock valued at $518,000 after purchasing an additional 32 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Insider Transactions at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.84% of the company’s stock.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $226.73 on Monday. The company has a 50-day moving average of $279.34 and a 200-day moving average of $351.51. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 22.27 and a beta of 1.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a twelve month low of $205.73 and a twelve month high of $427.76.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ZBRA. Morgan Stanley reduced their price objective on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. UBS Group decreased their price target 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. Robert W. Baird lowered their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Citigroup reduced their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, Truist Financial lowered their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $343.36.

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.