Louisiana State Employees Retirement System Purchases New Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Louisiana State Employees Retirement System purchased a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,100 shares of the industrial products company’s stock, valued at approximately $847,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its position in shares of Zebra Technologies by 60.2% during the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 56 shares in the last quarter. Centerpoint Advisors LLC bought a new stake in shares of Zebra Technologies during the third quarter valued at approximately $59,000. Huntington National Bank increased its position in shares of Zebra Technologies by 104.0% during the third quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 182 shares in the last quarter. ING Groep NV bought a new stake in shares of Zebra Technologies during the third quarter valued at approximately $105,000. Finally, SRS Capital Advisors Inc. increased its position in shares of Zebra Technologies by 620.3% during the third quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 459 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of Zebra Technologies stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the sale, the chief accounting officer now directly owns 5,543 shares in the company, valued at approximately $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.06% of the stock is currently owned by insiders.

Zebra Technologies Trading Up 1.6 %

Shares of Zebra Technologies stock opened at $297.21 on Friday. The company’s fifty day simple moving average is $286.38 and its 200-day simple moving average is $254.84. The stock has a market capitalization of $15.27 billion, a PE ratio of 52.05 and a beta of 1.79. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $320.55. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. Zebra Technologies’s revenue for the quarter was down 32.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.43 EPS. As a group, equities analysts anticipate that Zebra Technologies Co. will post 9.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays assumed coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 target price for the company. Truist Financial assumed coverage on shares of Zebra Technologies in a research report on Thursday, March 14th. They issued a “hold” rating and a $300.00 target price for the company. Wolfe Research raised shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price for the company in a research report on Monday, April 8th. Finally, StockNews.com downgraded shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Zebra Technologies has an average rating of “Hold” and a consensus target price of $278.64.

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.