Janus Henderson Group PLC Has $2.46 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Janus Henderson Group PLC lifted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,376 shares of the industrial products company’s stock after purchasing an additional 357 shares during the period. Janus Henderson Group PLC’s holdings in Zebra Technologies were worth $2,463,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its holdings in Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 36 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management bought a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $31,000. Avalon Trust Co acquired a new position in shares of Zebra Technologies in the fourth quarter valued at $35,000. Finally, Coppell Advisory Solutions LLC bought a new position in Zebra Technologies in the fourth quarter worth $36,000. Institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of several recent research reports. Truist Financial dropped their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. Needham & Company LLC dropped their target price on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. StockNews.com downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Citigroup lowered their price target on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, UBS Group cut their price objective on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $321.73.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $296.97 on Wednesday. Zebra Technologies Co. has a one year low of $205.73 and a one year high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The company has a market cap of $15.10 billion, a price-to-earnings ratio of 29.17 and a beta of 1.74. The firm has a 50 day simple moving average of $260.12 and a 200 day simple moving average of $335.08.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.42. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.84 earnings per share. Research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.84% of the company’s stock.

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.