Ensign Peak Advisors Inc Buys 25,375 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Ensign Peak Advisors Inc increased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 52.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,915 shares of the industrial products company’s stock after acquiring an additional 25,375 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.14% of Zebra Technologies worth $22,835,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. boosted its holdings in Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 63 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in Zebra Technologies during the 2nd quarter worth approximately $32,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of Zebra Technologies in the first quarter worth approximately $36,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Zebra Technologies by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 33 shares in the last quarter. Finally, Webster Bank N. A. grew its holdings in Zebra Technologies by 792.9% during the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock worth $39,000 after buying an additional 111 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $366.76 on Monday. The company’s fifty day moving average price is $335.86 and its 200-day moving average price is $314.48. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. The firm has a market capitalization of $18.86 billion, a price-to-earnings ratio of 72.77 and a beta of 1.65. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $372.93.

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

Insider Activity at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of recent analyst reports. Stephens raised their price target 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. Barclays raised their target price on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Truist Financial reissued a “hold” rating and issued a $345.00 price target (up from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $258.00 to $305.00 in a research note on Thursday, June 13th. Finally, 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 objective on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $349.64.

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.