Grove Street Fiduciary LLC Takes Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Grove Street Fiduciary LLC acquired a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 897 shares of the industrial products company’s stock, valued at approximately $346,000.

Other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in shares of Zebra Technologies in the 4th quarter valued at about $28,000. Concord Wealth Partners purchased a new position in Zebra Technologies during the third quarter valued at approximately $30,000. Fortitude Family Office LLC increased its stake 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. purchased a new stake in Zebra Technologies in the 4th quarter worth approximately $42,000. Finally, Blue Trust Inc. boosted its stake in shares of Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after buying an additional 67 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on ZBRA. Needham & Company LLC dropped their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. UBS Group dropped their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday. Truist Financial reduced their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. TD Cowen boosted their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley cut their price objective 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. Five 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $320.98 on Friday. 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 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 $383.89 and its 200 day moving average price is $373.03. The company has a market capitalization of $16.56 billion, a PE ratio of 31.53 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last posted 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). 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. As a group, analysts expect that Zebra Technologies Co. will post 13.71 earnings per share 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.