Hixon Zuercher LLC Purchases New Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Hixon Zuercher LLC bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 600 shares of the industrial products company’s stock, valued at approximately $222,000.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Zebra Technologies by 44.8% in 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 in the last quarter. AXA S.A. raised its stake in shares of Zebra Technologies by 62.3% in 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 last quarter. Boston Partners boosted its position in shares of Zebra Technologies by 9.7% during 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 during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Zebra Technologies by 94.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after buying an additional 69,549 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Zebra Technologies by 556.0% in the 3rd 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 during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Truist Financial reaffirmed a “hold” rating and set a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Vertical Research began coverage on Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target on the stock. TD Cowen lifted their price objective on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Needham & Company LLC increased their target price on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $385.18.

Insider Activity

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the transaction, the insider now owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

Zebra Technologies Stock Up 0.7 %

ZBRA stock opened at $379.69 on Wednesday. The business’s 50-day moving average price is $360.54 and its 200-day moving average price is $332.91. The stock has a market cap of $19.58 billion, a P/E ratio of 51.66 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. Zebra Technologies Co. has a twelve month low of $201.43 and a twelve month high of $394.57.

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, topping 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 during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, equities research analysts forecast that Zebra Technologies Co. will post 12.26 EPS for the current year.

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.