Heron Bay Capital Management Has $10.14 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Heron Bay Capital Management lifted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 32,811 shares of the industrial products company’s stock after purchasing an additional 108 shares during the quarter. Zebra Technologies comprises 2.2% of Heron Bay Capital Management’s holdings, making the stock its 19th biggest position. Heron Bay Capital Management owned approximately 0.06% of Zebra Technologies worth $10,136,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in Zebra Technologies by 44.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock valued at $414,117,000 after acquiring an additional 425,207 shares in the last quarter. Norges Bank bought a new stake in Zebra Technologies during the 4th quarter worth about $102,886,000. APG Asset Management US Inc. acquired a new position in shares of Zebra Technologies during the 4th quarter worth about $67,476,000. Westfield Capital Management Co. LP bought a new stake in Zebra Technologies during the fourth quarter worth about $38,688,000. Finally, Boston Partners grew its stake in Zebra Technologies by 9.7% in the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after purchasing an additional 98,045 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s 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 completion of the transaction, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Up 0.8 %

Shares of NASDAQ ZBRA opened at $366.76 on Friday. The stock has a market capitalization of $18.86 billion, a P/E ratio of 72.77 and a beta of 1.65. The stock’s fifty day moving average is $335.86 and its 200 day moving average is $314.29. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $372.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating the consensus estimate of $2.48 by $0.70. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm earned $3.24 EPS. Sell-side analysts forecast that Zebra Technologies Co. will post 11.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. BNP Paribas upgraded 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 research note on Thursday, June 13th. Vertical Research began coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target on the stock. Needham & Company LLC lifted their price objective on shares of Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Stephens increased their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $349.64.

Zebra Technologies 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.