Mutual of America Capital Management LLC Has $2.35 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Mutual of America Capital Management LLC decreased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,351 shares of the industrial products company’s stock after selling 132 shares during the period. Mutual of America Capital Management LLC’s holdings in Zebra Technologies were worth $2,352,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZBRA. Kayne Anderson Rudnick Investment Management LLC increased its position in Zebra Technologies by 1.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company’s stock worth $447,828,000 after acquiring an additional 24,058 shares during the period. Boston Partners raised its position in shares of 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 buying an additional 98,045 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Zebra Technologies by 4.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company’s stock valued at $158,001,000 after buying an additional 18,922 shares during the period. Dimensional Fund Advisors LP grew its position in Zebra Technologies by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock worth $120,650,000 after buying an additional 21,534 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Zebra Technologies by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 346,939 shares of the industrial products company’s stock worth $107,180,000 after acquiring an additional 7,117 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Analyst Ratings Changes

ZBRA has been the topic of several analyst reports. TD Cowen increased their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird increased their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC increased their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Performance

ZBRA stock opened at $397.19 on Monday. The firm has a market cap of $20.49 billion, a PE ratio of 54.04 and a beta of 1.64. The stock has a 50-day moving average price of $375.69 and a 200-day moving average price of $341.24. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 1-year low of $225.83 and a 1-year high of $405.62.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 earnings per share. As a group, equities research analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Insider Activity at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.06% of the stock is currently owned by insiders.

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.