GW&K Investment Management LLC Boosts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

GW&K Investment Management LLC raised its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 188,804 shares of the industrial products company’s stock after acquiring an additional 1,422 shares during the quarter. GW&K Investment Management LLC owned approximately 0.37% of Zebra Technologies worth $72,920,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Zebra Technologies in the fourth quarter worth about $28,000. Fortitude Family Office LLC boosted 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 buying an additional 59 shares during the period. Ameliora Wealth Management Ltd. bought a new position in Zebra Technologies in the 4th quarter worth about $42,000. Blue Trust Inc. increased its position in shares of Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $50,000. 91.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ZBRA has been the topic of several research reports. UBS Group reduced their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Citigroup initiated coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target on the stock. Morgan Stanley lowered their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Truist Financial cut their target price 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. Finally, Needham & Company LLC reduced their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday, February 14th. Five equities research 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $381.42.

Insiders Place Their Bets

In related news, Director Anders Gustafsson acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased 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 of the company’s stock, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Trading Down 2.7 %

NASDAQ:ZBRA opened at $311.00 on Friday. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 30.55 and a beta of 1.63. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $375.63 and a 200 day moving average of $372.83.

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 the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies 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.