Zacks Investment Management Grows Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Zacks Investment Management raised its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,858 shares of the industrial products company’s stock after buying an additional 102 shares during the quarter. Zacks Investment Management’s holdings in Zebra Technologies were worth $4,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ZBRA. WCM Investment Management LLC raised its position in Zebra Technologies by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock valued at $3,502,000 after purchasing an additional 27 shares during the last quarter. KPP Advisory Services LLC raised its holdings in shares of Zebra Technologies by 2.3% in the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock valued at $461,000 after buying an additional 28 shares during the last quarter. Cascade Investment Advisors Inc. raised its holdings in shares of Zebra Technologies by 0.7% in the third quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company’s stock valued at $1,625,000 after buying an additional 30 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Zebra Technologies by 1.4% during the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock worth $821,000 after buying an additional 31 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in Zebra Technologies by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock valued at $611,000 after acquiring an additional 31 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.04% of the stock is owned by corporate insiders.

Zebra Technologies Price Performance

ZBRA stock opened at $409.32 on Monday. The company has a market cap of $21.11 billion, a price-to-earnings ratio of 55.69 and a beta of 1.64. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average of $384.73 and a 200-day moving average of $347.48. Zebra Technologies Co. has a 12-month low of $232.29 and a 12-month high of $413.27.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $0.57 earnings per share. Zebra Technologies’s quarterly revenue was up 31.3% compared to the same quarter last year. As a group, equities analysts expect that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Truist Financial reaffirmed a “hold” rating and set a $383.00 price objective (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Morgan Stanley upgraded shares of Zebra Technologies from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $305.00 to $400.00 in a research report on Monday, December 2nd. Barclays upped their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. UBS Group lifted their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird increased their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $393.82.

Zebra Technologies Company 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.