Venturi Wealth Management LLC Buys 290 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Venturi Wealth Management LLC lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 28.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,319 shares of the industrial products company’s stock after purchasing an additional 290 shares during the period. Venturi Wealth Management LLC’s holdings in Zebra Technologies were worth $509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in shares of Zebra Technologies during the 3rd quarter worth approximately $247,000. Point72 DIFC Ltd bought a new stake in shares of Zebra Technologies during the 3rd quarter worth approximately $2,113,000. Versor Investments LP bought a new stake in shares of Zebra Technologies during the 3rd quarter worth approximately $1,752,000. LVM Capital Management Ltd. MI bought a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $643,000. Finally, Cerity Partners LLC raised its stake in shares of Zebra Technologies by 45.3% during the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after purchasing an additional 3,328 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of recent analyst reports. UBS Group decreased their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday. Morgan Stanley decreased their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Truist Financial decreased their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Robert W. Baird decreased their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Needham & Company LLC decreased their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA opened at $324.75 on Thursday. 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 fifty day moving average price is $385.62 and its two-hundred day moving average price is $373.40. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76. The firm has a market cap of $16.75 billion, a price-to-earnings ratio of 31.90 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last issued 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 firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, equities analysts forecast that Zebra Technologies Co. will post 14.82 EPS for the current year.

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.