LRI Investments LLC Takes $195,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

LRI Investments LLC purchased a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 617 shares of the industrial products company’s stock, valued at approximately $195,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ZBRA. Victory Capital Management Inc. raised its holdings in shares of Zebra Technologies by 663.2% during the 4th quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock valued at $264,270,000 after purchasing an additional 840,169 shares in the last quarter. Boston Partners raised its holdings in shares of Zebra Technologies by 107.1% during the 4th quarter. Boston Partners now owns 1,010,774 shares of the industrial products company’s stock valued at $276,222,000 after purchasing an additional 522,779 shares in the last quarter. Norges Bank bought a new position in shares of Zebra Technologies during the 4th quarter valued at $102,886,000. APG Asset Management US Inc. bought a new position in shares of Zebra Technologies during the 4th quarter valued at $67,476,000. Finally, Corient Private Wealth LLC raised its holdings in shares of Zebra Technologies by 1,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 192,994 shares of the industrial products company’s stock valued at $52,751,000 after purchasing an additional 178,211 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

NASDAQ ZBRA traded up $1.57 during midday trading on Friday, hitting $325.98. The company had a trading volume of 458,685 shares, compared to its average volume of 275,313. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of 64.68 and a beta of 1.66. The firm has a fifty day simple moving average of $314.26 and a two-hundred day simple moving average of $292.38. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $337.08.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business posted $3.59 EPS. The business’s quarterly revenue was down 16.4% on a year-over-year basis. Equities analysts forecast that Zebra Technologies Co. will post 10.76 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now directly owns 3,809 shares in the company, valued at approximately $1,220,822.59. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.06% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on ZBRA. Needham & Company LLC lifted their target price on shares of Zebra Technologies from $352.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $258.00 to $305.00 in a report on Thursday, June 13th. TD Cowen lifted their target price on shares of Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. UBS Group lifted their target price on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Vertical Research began coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and an average target price of $327.67.

About Zebra Technologies

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.