BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Grows Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 23.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,140 shares of the industrial products company’s stock after acquiring an additional 28,609 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.29% of Zebra Technologies worth $46,692,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ZBRA. Farmers & Merchants Investments Inc. lifted its holdings in Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 63 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of Zebra Technologies in the 2nd quarter valued at $32,000. BOK Financial Private Wealth Inc. purchased a new stake in Zebra Technologies during the first quarter worth $36,000. Massmutual Trust Co. FSB ADV grew its position in Zebra Technologies by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after buying an additional 33 shares during the period. Finally, Webster Bank N. A. grew its position in Zebra Technologies by 792.9% during the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock valued at $39,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $362.39 on Tuesday. The company has a market cap of $18.63 billion, a P/E ratio of 71.90 and a beta of 1.65. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $372.93. The company’s 50-day moving average price is $336.56 and its 200-day moving average price is $315.00. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $3.24 EPS. On average, sell-side analysts forecast that Zebra Technologies Co. will post 11.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ZBRA has been the topic of several recent analyst reports. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Stephens boosted their price objective on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Robert W. Baird increased their target price on Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. TD Cowen boosted their price target on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Vertical Research began coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and an average price target of $349.64.

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.