Rathbones Group PLC Has $34.17 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Rathbones Group PLC boosted its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 6.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,457 shares of the industrial products company's stock after purchasing an additional 6,945 shares during the period. Rathbones Group PLC owned about 0.21% of Zebra Technologies worth $34,171,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ZBRA. Macquarie Group Ltd. grew its holdings in Zebra Technologies by 131.5% during the 4th quarter. Macquarie Group Ltd. now owns 765,417 shares of the industrial products company's stock worth $196,261,000 after acquiring an additional 434,810 shares during the period. Norges Bank acquired a new stake in Zebra Technologies during the 4th quarter worth about $108,922,000. Alyeska Investment Group L.P. acquired a new stake in Zebra Technologies during the 4th quarter worth about $63,393,000. Compass Capital Management Inc. acquired a new stake in Zebra Technologies during the 1st quarter worth about $51,494,000. Finally, Millennium Management LLC grew its holdings in Zebra Technologies by 1,165.5% during the 4th quarter. Millennium Management LLC now owns 175,245 shares of the industrial products company's stock worth $44,935,000 after acquiring an additional 161,397 shares during the period. 85.44% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ ZBRA traded up $4.28 during trading hours on Tuesday, hitting $274.20. The company's stock had a trading volume of 129,929 shares, compared to its average volume of 378,973. Zebra Technologies Co. has a 52 week low of $224.87 and a 52 week high of $351.74. The company has a market capitalization of $14.08 billion, a PE ratio of 21.58 and a beta of 1.68. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68. The company's 50-day simple moving average is $282.50 and its two-hundred day simple moving average is $286.88.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $3.24 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.33. Zebra Technologies had a net margin of 11.82% and a return on equity of 27.44%. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter last year, the firm earned $4.22 EPS. The firm's revenue for the quarter was down 17.3% compared to the same quarter last year. Research analysts anticipate that Zebra Technologies Co. will post 10.14 EPS for the current fiscal year.

A number of brokerages have weighed in on ZBRA. Needham & Company LLC reiterated a "buy" rating and set a $285.00 price target on shares of Zebra Technologies in a report on Wednesday, August 2nd. StockNews.com began coverage on Zebra Technologies in a research note on Thursday, August 17th. They issued a "hold" rating for the company. Morgan Stanley reduced their target price on Zebra Technologies from $295.00 to $260.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 2nd. TD Cowen reduced their target price on Zebra Technologies from $350.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, August 3rd. Finally, Robert W. Baird reduced their target price on Zebra Technologies from $322.00 to $283.00 and set an "outperform" rating for the company in a research note on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $316.86.

Check Out Our Latest Analysis on Zebra Technologies

In other news, Director Frank Blaise Modruson bought 1,000 shares of the company's stock in a transaction on Thursday, August 10th. The shares were purchased at an average price of $254.59 per share, with a total value of $254,590.00. Following the transaction, the director now directly owns 13,834 shares in the company, valued at $3,521,998.06. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have bought a total of 3,000 shares of company stock valued at $742,880 in the last 90 days. 1.06% of the stock is currently owned by corporate insiders.

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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.

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