Acadian Asset Management LLC Has $516,000 Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Acadian Asset Management LLC raised its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 1,087.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,674 shares of the industrial products company’s stock after purchasing an additional 1,533 shares during the period. Acadian Asset Management LLC’s holdings in Zebra Technologies were worth $516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ZBRA. Los Angeles Capital Management LLC acquired a new stake in Zebra Technologies during the second quarter worth about $4,831,000. Wakefield Asset Management LLLP acquired a new stake in shares of Zebra Technologies during the 2nd quarter worth approximately $3,168,000. Private Advisor Group LLC increased its position in shares of Zebra Technologies by 8.9% during the second quarter. Private Advisor Group LLC now owns 2,187 shares of the industrial products company’s stock valued at $676,000 after purchasing an additional 178 shares during the period. Palmer Knight Co raised its stake in shares of Zebra Technologies by 0.4% in the second quarter. Palmer Knight Co now owns 24,220 shares of the industrial products company’s stock valued at $7,482,000 after purchasing an additional 89 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position 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 worth $30,000 after purchasing an additional 63 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $351.83 on Thursday. The business’s fifty day moving average is $334.32 and its two-hundred day moving average is $313.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. The firm has a market cap of $18.15 billion, a P/E ratio of 69.81 and a beta of 1.65. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $372.93.

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

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ZBRA has been the topic of several analyst reports. Truist Financial reissued a “hold” rating and issued a $345.00 price target (up previously from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. TD Cowen upped their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Barclays raised their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Vertical Research assumed coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective on the stock. Finally, Needham & Company LLC raised their target price on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and an average price target of $349.64.

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.