Empowered Funds LLC Cuts Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Empowered Funds LLC reduced its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,362 shares of the industrial products company’s stock after selling 75 shares during the quarter. Empowered Funds LLC’s holdings in Zebra Technologies were worth $504,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. WCM Investment Management LLC increased its holdings in shares of Zebra Technologies by 0.3% during the third quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock valued at $3,502,000 after acquiring an additional 27 shares in the last quarter. Cascade Investment Advisors Inc. increased 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 in the last quarter. Private Advisor Group LLC increased its stake in Zebra Technologies by 1.4% during the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock valued at $821,000 after purchasing an additional 31 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Zebra Technologies by 1.9% in the third quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock worth $611,000 after buying an additional 31 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Zebra Technologies by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after buying an additional 33 shares during the period. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Up 1.2 %

Shares of NASDAQ:ZBRA opened at $397.19 on Monday. Zebra Technologies Co. has a 12 month low of $225.83 and a 12 month high of $405.62. The firm has a market cap of $20.49 billion, a P/E ratio of 54.04 and a beta of 1.64. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $375.69 and its two-hundred day moving average price is $341.24.

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

Insider Buying and Selling at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ZBRA shares. TD Cowen boosted their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley lifted their price objective on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, October 30th. UBS Group upped their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barclays increased their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC upped their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $385.18.

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.