Mitsubishi UFJ Trust & Banking Corp Buys 2,444 Shares of Zebra Technologies Corporation $ZBRA

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,869 shares of the industrial products company’s stock after acquiring an additional 2,444 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Zebra Technologies were worth $7,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UniSuper Management Pty Ltd boosted its holdings in Zebra Technologies by 1.2% during the third quarter. UniSuper Management Pty Ltd now owns 13,977 shares of the industrial products company’s stock valued at $4,153,000 after purchasing an additional 170 shares in the last quarter. Strs Ohio increased its holdings in shares of Zebra Technologies by 793.3% in the third quarter. Strs Ohio now owns 38,215 shares of the industrial products company’s stock valued at $11,356,000 after purchasing an additional 33,937 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Zebra Technologies in the 3rd quarter valued at $174,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Zebra Technologies by 10.2% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 36,842 shares of the industrial products company’s stock worth $10,948,000 after purchasing an additional 3,418 shares during the period. Finally, Inscription Capital LLC grew its position in shares of Zebra Technologies by 15.5% during the 3rd quarter. Inscription Capital LLC now owns 1,149 shares of the industrial products company’s stock worth $341,000 after buying an additional 154 shares during the period. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

ZBRA opened at $236.23 on Thursday. The business has a fifty day simple moving average of $252.02 and a 200 day simple moving average of $285.25. The company has a market capitalization of $11.97 billion, a PE ratio of 23.81 and a beta of 1.68. Zebra Technologies Corporation has a 1 year low of $205.73 and a 1 year high of $404.67. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.61 and a quick ratio of 1.19.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.13. Zebra Technologies had a net margin of 9.74% and a return on equity of 18.08%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the firm earned $3.49 earnings per share. Zebra Technologies’s revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In related news, Director Satish Dhanasekaran bought 1,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of $233.12 per share, for a total transaction of $233,120.00. Following the transaction, the director owned 3,356 shares in the company, valued at $782,350.72. The trade was a 42.44% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

ZBRA has been the subject of a number of analyst reports. Zacks Research raised Zebra Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Zebra Technologies in a report on Wednesday, January 21st. Truist Financial reduced their price objective on Zebra Technologies from $331.00 to $291.00 and set a “hold” rating for the company in a research report on Thursday, December 18th. Barclays boosted their price objective on shares of Zebra Technologies from $360.00 to $368.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Zebra Technologies in a report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $350.00.

Zebra Technologies Profile

Zebra Technologies Corporation is a global technology company specializing in marking, tracking and computer printing solutions. The company produces a wide range of hardware and software products designed to enable real-time visibility of assets, inventory and personnel across diverse industries. Its offerings help businesses automate data capture and streamline operations in environments such as retail, healthcare, manufacturing, transportation and logistics.

The company’s product portfolio includes barcode and RFID printers, mobile computing devices, barcode scanners, RFID readers and related supplies such as labels and tags.