Baldwin Brothers LLC MA Purchases New Position in Zebra Technologies Co. (NASDAQ:ZBRA) – Defense World
Posted by admin on Jun 25th, 2022 
Baldwin Brothers LLC MA acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100 shares of the industrial products company’s stock, valued at approximately $41,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Hexagon Capital Partners LLC increased its holdings in shares of Zebra Technologies by 5.3% during the first quarter. Hexagon Capital Partners LLC now owns 560 shares of the industrial products company’s stock worth $232,000 after buying an additional 28 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in Zebra Technologies by 12.8% during the 1st quarter. Wedge Capital Management L L P NC now owns 127,002 shares of the industrial products company’s stock valued at $52,541,000 after purchasing an additional 14,443 shares in the last quarter. NuWave Investment Management LLC raised its position in Zebra Technologies by 272.4% in the 1st quarter. NuWave Investment Management LLC now owns 607 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 444 shares during the last quarter. Fenimore Asset Management Inc. boosted its stake in Zebra Technologies by 62.7% in the first quarter. Fenimore Asset Management Inc. now owns 172,338 shares of the industrial products company’s stock worth $71,296,000 after purchasing an additional 66,414 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC boosted its stake in Zebra Technologies by 2.5% in the first quarter. Carnegie Capital Asset Management LLC now owns 40,404 shares of the industrial products company’s stock worth $16,715,000 after purchasing an additional 989 shares in the last quarter. 85.30% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on the company. Morgan Stanley raised Zebra Technologies from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $400.00 to $335.00 in a report on Monday, May 23rd. JPMorgan Chase & Co. upgraded shares of Zebra Technologies from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $530.00 to $500.00 in a research report on Monday, April 4th. StockNews.com lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 9th. UBS Group reduced their price objective on Zebra Technologies to $540.00 in a report on Friday, June 3rd. Finally, Needham & Company LLC lowered their target price on Zebra Technologies from $535.00 to $500.00 in a research note on Wednesday, May 4th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $502.50.
NASDAQ:ZBRA opened at $308.91 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.31. Zebra Technologies Co. has a 12-month low of $287.93 and a 12-month high of $615.00. The stock’s fifty day simple moving average is $339.32 and its 200-day simple moving average is $433.39. The firm has a market capitalization of $16.22 billion, a P/E ratio of 19.64 and a beta of 1.61.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last posted its earnings results on Tuesday, May 3rd. The industrial products company reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.28. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Zebra Technologies had a return on equity of 31.20% and a net margin of 14.25%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $4.47 EPS. As a group, equities research analysts expect that Zebra Technologies Co. will post 17.85 earnings per share for the current year.
Zebra Technologies declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 17th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
Zebra Technologies Company Profile (Get Rating)
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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