SlateStone Wealth LLC Buys 821 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

SlateStone Wealth LLC lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 10.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,458 shares of the industrial products company’s stock after acquiring an additional 821 shares during the period. SlateStone Wealth LLC’s holdings in Zebra Technologies were worth $3,267,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Zebra Technologies during the 4th quarter worth about $28,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies in the 4th quarter valued at about $31,000. Avalon Trust Co bought a new position in Zebra Technologies in the 4th quarter valued at about $35,000. Fortitude Family Office LLC lifted its position in Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 59 shares in the last quarter. Finally, Ameliora Wealth Management Ltd. bought a new position in Zebra Technologies in the 4th quarter valued at about $42,000. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Up 2.7 %

Shares of ZBRA stock opened at $278.97 on Friday. The company has a market capitalization of $14.33 billion, a price-to-earnings ratio of 27.40 and a beta of 1.68. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76. The company’s fifty day moving average price is $353.87 and its 200-day moving average price is $369.20. 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 (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 analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Sell-side analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ZBRA shares. Truist Financial dropped their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Morgan Stanley dropped their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock 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 research report on Tuesday, February 18th. UBS Group dropped their target price 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. Finally, Citigroup began coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price on the stock. Five 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $381.42.

Insider Buying and Selling

In related news, Director Anders Gustafsson acquired 500 shares of the 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 transaction, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.04% of the stock is owned by corporate insiders.

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.