Bleakley Financial Group LLC Acquires 129 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Bleakley Financial Group LLC lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,364 shares of the industrial products company’s stock after acquiring an additional 129 shares during the quarter. Bleakley Financial Group LLC’s holdings in Zebra Technologies were worth $1,246,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZBRA. Price T Rowe Associates Inc. MD boosted its position in shares of Zebra Technologies by 44.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after buying an additional 425,207 shares during the period. AXA S.A. increased its holdings in shares of Zebra Technologies by 62.3% during the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock worth $85,841,000 after purchasing an additional 106,630 shares during the period. Boston Partners grew its position in Zebra Technologies by 9.7% during the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock worth $334,230,000 after buying an additional 98,045 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in Zebra Technologies during the first quarter worth approximately $18,353,000. Finally, SG Americas Securities LLC grew its position in Zebra Technologies by 556.0% during the third quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock worth $25,924,000 after buying an additional 59,332 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Up 0.4 %

Shares of NASDAQ:ZBRA opened at $375.45 on Monday. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $380.05. The firm has a fifty day moving average of $352.68 and a 200 day moving average of $325.62. The firm has a market capitalization of $19.37 billion, a PE ratio of 84.75 and a beta of 1.66. 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 posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.70. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.24 earnings per share. As a group, research analysts anticipate that Zebra Technologies Co. will post 11.09 EPS for the current fiscal year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now owns 9,694 shares in the company, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays increased their price target on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Truist Financial raised their target price on Zebra Technologies from $345.00 to $379.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Needham & Company LLC raised their price target on shares of Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. 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. Finally, Robert W. Baird lifted their target price on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $352.73.

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.