Cerity Partners LLC Makes New $235,000 Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Cerity Partners LLC acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, Holdings Channel reports. The firm acquired 857 shares of the industrial products company’s stock, valued at approximately $235,000.

A number of other institutional investors also recently modified their holdings of ZBRA. Vanguard Group Inc. grew its stake in Zebra Technologies by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,060,033 shares of the industrial products company’s stock valued at $1,433,380,000 after acquiring an additional 36,194 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Zebra Technologies by 4.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,646,301 shares of the industrial products company’s stock worth $389,400,000 after acquiring an additional 77,086 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Zebra Technologies by 8.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,191,194 shares of the industrial products company’s stock valued at $281,753,000 after acquiring an additional 92,055 shares in the last quarter. Black Creek Investment Management Inc. boosted its stake in Zebra Technologies by 6.3% during the 3rd quarter. Black Creek Investment Management Inc. now owns 992,730 shares of the industrial products company’s stock valued at $234,810,000 after purchasing an additional 59,200 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Zebra Technologies by 20.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock worth $186,648,000 after purchasing an additional 131,383 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $300.01 on Tuesday. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $320.55. The firm’s 50-day simple moving average is $286.87 and its two-hundred day simple moving average is $255.96. The firm has a market cap of $15.41 billion, a price-to-earnings ratio of 52.54 and a beta of 1.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05.

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

Analyst Ratings Changes

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

Insider Activity

In related news, CAO Colleen M. O’sullivan sold 135 shares of Zebra Technologies stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.04% of the company’s stock.

About Zebra Technologies

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.