Versor Investments LP purchased a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,730 shares of the industrial products company's stock, valued at approximately $1,752,000.
A number of other hedge funds and other institutional investors have also modified their holdings of ZBRA. Venturi Wealth Management LLC raised its holdings in Zebra Technologies by 62.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,029 shares of the industrial products company's stock worth $381,000 after acquiring an additional 396 shares during the period. Mesirow Financial Investment Management Inc. grew its position in shares of Zebra Technologies by 100.0% in the third quarter. Mesirow Financial Investment Management Inc. now owns 3,026 shares of the industrial products company's stock valued at $1,121,000 after purchasing an additional 1,513 shares during the last quarter. Assetmark Inc. grew its position in shares of Zebra Technologies by 794.1% in the third quarter. Assetmark Inc. now owns 152 shares of the industrial products company's stock valued at $56,000 after purchasing an additional 135 shares during the last quarter. Equitable Trust Co. increased its stake in shares of Zebra Technologies by 2.3% in the third quarter. Equitable Trust Co. now owns 1,573 shares of the industrial products company's stock worth $583,000 after purchasing an additional 35 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Zebra Technologies by 6.3% during the 3rd quarter. Principal Financial Group Inc. now owns 110,417 shares of the industrial products company's stock worth $40,890,000 after purchasing an additional 6,514 shares during the last quarter. Institutional investors own 91.03% of the company's stock.
In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares of the company's stock, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies 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 in the company, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by company insiders.
Zebra Technologies stock traded down $0.15 during midday trading on Monday, reaching $399.16. 16,331 shares of the company's stock were exchanged, compared to its average volume of 361,114. The stock's 50-day simple moving average is $363.72 and its 200 day simple moving average is $335.08. The firm has a market cap of $20.59 billion, a price-to-earnings ratio of 54.33 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies Co. has a 52 week low of $202.01 and a 52 week high of $403.78.
Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.57. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Zebra Technologies's quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 EPS. On average, analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.
Several research analysts have commented on ZBRA shares. StockNews.com raised Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Truist Financial reiterated a "hold" rating and set a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. UBS Group boosted their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Barclays increased their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. One 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $385.18.
Check Out Our Latest Research Report on 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.
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