Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Fort Pitt Capital Group LLC

Fort Pitt Capital Group LLC decreased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 305,474 shares of the industrial products company’s stock after selling 835 shares during the period. Zebra Technologies makes up about 3.2% of Fort Pitt Capital Group LLC’s holdings, making the stock its 14th biggest position. Fort Pitt Capital Group LLC owned approximately 0.59% of Zebra Technologies worth $113,123,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZBRA. Price T Rowe Associates Inc. MD increased its position in Zebra Technologies by 44.8% during the 1st 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 period. AXA S.A. increased its position in Zebra Technologies by 62.3% during the 2nd quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock worth $85,841,000 after purchasing an additional 106,630 shares during the period. Boston Partners increased its position in Zebra Technologies by 9.7% during the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock worth $334,230,000 after purchasing an additional 98,045 shares during the period. Allspring Global Investments Holdings LLC increased its position in Zebra Technologies by 94.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after purchasing an additional 69,549 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Zebra Technologies by 556.0% in the 3rd quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock worth $25,924,000 after acquiring an additional 59,332 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of research reports. Robert W. Baird upped their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday. Needham & Company LLC upped their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen upped their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays upped their price target on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Morgan Stanley upped their price target on Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Price Performance

ZBRA stock opened at $384.64 on Friday. Zebra Technologies Co. has a 1 year low of $198.19 and a 1 year high of $394.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 1.37. The stock’s 50 day moving average price is $359.28 and its 200 day moving average price is $331.01. The firm has a market cap of $19.84 billion, a P/E ratio of 52.33 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share 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 analyst estimates of $1.22 billion. During the same quarter in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, sell-side analysts expect that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction 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 transaction, the insider now owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.06% of the company’s stock.

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.