8,666 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Bought by NorthCrest Asset Manangement LLC

Posted by on Jul 10th, 2023

NorthCrest Asset Manangement LLC bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA – Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 8,666 shares of the industrial products company’s stock, valued at approximately $2,756,000.

A number of other large investors also recently modified their holdings of ZBRA. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Zebra Technologies by 13.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,815 shares of the industrial products company’s stock worth $1,165,000 after purchasing an additional 341 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in Zebra Technologies by 102.2% during the 1st quarter. Panagora Asset Management Inc. now owns 2,230 shares of the industrial products company’s stock valued at $923,000 after acquiring an additional 1,127 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Zebra Technologies by 45.0% during the 1st quarter. Raymond James Trust N.A. now owns 947 shares of the industrial products company’s stock valued at $392,000 after acquiring an additional 294 shares in the last quarter. Sei Investments Co. lifted its stake in Zebra Technologies by 28.9% during the 1st quarter. Sei Investments Co. now owns 27,317 shares of the industrial products company’s stock valued at $11,251,000 after acquiring an additional 6,119 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Zebra Technologies by 97.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 300 shares of the industrial products company’s stock valued at $124,000 after acquiring an additional 148 shares in the last quarter. 85.46% of the stock is currently owned by institutional investors.

Zebra Technologies Trading Up 1.4 %

Shares of ZBRA stock opened at $295.22 on Monday. Zebra Technologies Co. has a 1 year low of $224.87 and a 1 year high of $365.97. The company’s fifty day simple moving average is $275.51 and its two-hundred day simple moving average is $289.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.88 and a quick ratio of 0.47. The stock has a market capitalization of $15.18 billion, a price-to-earnings ratio of 25.45 and a beta of 1.67.

Zebra Technologies (NASDAQ:ZBRA – Free Report) last issued its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.55 by $0.04. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Zebra Technologies had a return on equity of 30.69% and a net margin of 7.09%. As a group, analysts anticipate that Zebra Technologies Co. will post 14.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Robert W. Baird dropped their price objective on Zebra Technologies from $365.00 to $322.00 in a research note on Wednesday, May 3rd. Credit Suisse Group dropped their price objective on Zebra Technologies from $326.00 to $295.00 in a research note on Wednesday, May 3rd. Needham & Company LLC decreased their target price on Zebra Technologies from $385.00 to $340.00 in a research report on Wednesday, May 3rd. TD Cowen started coverage on shares of Zebra Technologies in a research report on Thursday, March 30th. They set an “outperform” rating and a $375.00 target price for the company. Finally, StockNews.com initiated coverage on Zebra Technologies in a research report on Thursday, May 18th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $348.14.

Zebra Technologies Profile

(Free Report)

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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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