Providence Capital Advisors LLC Has $5.24 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Providence Capital Advisors LLC increased its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,971 shares of the industrial products company’s stock after buying an additional 139 shares during the quarter. Providence Capital Advisors LLC’s holdings in Zebra Technologies were worth $5,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds 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 valued at $30,000 after acquiring an additional 63 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in Zebra Technologies in the second quarter valued at approximately $32,000. BOK Financial Private Wealth Inc. bought a new stake in Zebra Technologies in the first quarter valued at approximately $36,000. Massmutual Trust Co. FSB ADV boosted its holdings in 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 acquiring an additional 33 shares during the last quarter. Finally, Webster Bank N. A. boosted its holdings in Zebra Technologies by 792.9% in the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 111 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Down 1.2 %

Shares of Zebra Technologies stock opened at $362.39 on Tuesday. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $372.93. The firm has a market cap of $18.63 billion, a PE ratio of 71.90 and a beta of 1.65. The stock has a fifty day moving average price of $336.56 and a 200-day moving average price of $315.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84.

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

Wall Street Analyst Weigh In

ZBRA has been the topic of several analyst reports. Truist Financial reiterated a “hold” rating and issued a $345.00 target price (up from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. Stephens increased their price target on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Needham & Company LLC increased their price target on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $258.00 to $305.00 in a report on Thursday, June 13th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $349.64.

Insider Activity

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’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 sale, the insider now directly owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.06% of the company’s stock.

About 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.