Los Angeles Capital Management LLC Invests $4.83 Million in Zebra Technologies Co. (NASDAQ:ZBRA)

Los Angeles Capital Management LLC acquired a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,637 shares of the industrial products company’s stock, valued at approximately $4,831,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Zebra Technologies by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company’s stock valued at $1,662,491,000 after buying an additional 22,327 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Zebra Technologies by 44.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after purchasing an additional 425,207 shares during the last quarter. Boston Partners grew its stake in shares of Zebra Technologies by 9.7% during the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after purchasing an additional 98,045 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Zebra Technologies by 13.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 636,556 shares of the industrial products company’s stock valued at $173,990,000 after purchasing an additional 77,885 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at about $102,886,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Up 2.2 %

Shares of ZBRA opened at $327.93 on Tuesday. The firm has a market cap of $16.91 billion, a P/E ratio of 65.07 and a beta of 1.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $372.93. The company has a 50 day simple moving average of $330.38 and a two-hundred day simple moving average of $310.30.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. Zebra Technologies’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $3.24 earnings per share. On average, equities analysts expect that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZBRA has been the subject of several recent research reports. Vertical Research started coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price for the company. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $258.00 to $305.00 in a report on Thursday, June 13th. Robert W. Baird boosted their price target on Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. TD Cowen raised their price objective on Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Truist Financial reiterated a “hold” rating and set a $345.00 price objective (up from $315.00) on shares of Zebra Technologies in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $349.64.

Insider Activity

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.06% of the company’s stock.

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.