Blue Trust Inc. Increases Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Blue Trust Inc. lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 136.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 116 shares of the industrial products company’s stock after buying an additional 67 shares during the quarter. Blue Trust Inc.’s holdings in Zebra Technologies were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ZBRA. Cascade Investment Advisors Inc. raised its stake in Zebra Technologies by 0.7% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company’s stock valued at $1,625,000 after purchasing an additional 30 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 33 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Zebra Technologies by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 3,038 shares of the industrial products company’s stock worth $939,000 after purchasing an additional 36 shares during the period. Signaturefd LLC boosted its holdings in shares of Zebra Technologies by 8.0% in the 2nd quarter. Signaturefd LLC now owns 512 shares of the industrial products company’s stock worth $158,000 after purchasing an additional 38 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Zebra Technologies by 15.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 292 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 38 shares during the period. Institutional investors own 91.03% of the company’s stock.

Insider Buying and Selling

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 transaction, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ZBRA. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday. Robert W. Baird lifted their target price on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday. Vertical Research started coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target for the company. Truist Financial reissued a “hold” rating and issued a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday. Finally, TD Cowen upped their target price on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $384.64 on Friday. The business has a 50 day simple moving average of $359.28 and a two-hundred day simple moving average of $330.66. Zebra Technologies Co. has a 12 month low of $198.19 and a 12 month high of $394.57. The stock has a market capitalization of $19.84 billion, a P/E ratio of 52.33 and a beta of 1.66. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.84.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.92 by $0.57. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 earnings per share. As a group, analysts predict that Zebra Technologies Co. will post 11.09 EPS for the current fiscal year.

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.