Waterloo Capital L.P. Buys 638 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Waterloo Capital L.P. increased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 24.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,231 shares of the industrial products company’s stock after purchasing an additional 638 shares during the quarter. Waterloo Capital L.P.’s holdings in Zebra Technologies were worth $998,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ZBRA. Norden Group LLC bought a new position in Zebra Technologies in the first quarter valued at approximately $2,108,000. SG Americas Securities LLC boosted its stake in Zebra Technologies by 105.5% in the first quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company’s stock valued at $4,612,000 after acquiring an additional 7,853 shares during the last quarter. Pinebridge Investments L.P. boosted its stake in Zebra Technologies by 72.0% in the fourth quarter. Pinebridge Investments L.P. now owns 21,569 shares of the industrial products company’s stock valued at $5,896,000 after acquiring an additional 9,032 shares during the last quarter. Okabena Investment Services Inc. boosted its stake in Zebra Technologies by 6,195.6% in the fourth quarter. Okabena Investment Services Inc. now owns 2,833 shares of the industrial products company’s stock valued at $774,000 after acquiring an additional 2,788 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new position in Zebra Technologies in the first quarter valued at approximately $1,272,000. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Trading Down 0.8 %

Shares of NASDAQ:ZBRA opened at $351.83 on Thursday. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $372.93. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. The company’s fifty day simple moving average is $334.32 and its 200 day simple moving average is $313.21. The firm has a market cap of $18.15 billion, a price-to-earnings ratio of 69.81 and a beta of 1.65.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business posted $3.24 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts forecast that Zebra Technologies Co. will post 11.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ZBRA shares. Robert W. Baird raised their price objective on shares of Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Barclays raised their price objective on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Vertical Research initiated coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target on the stock. TD Cowen lifted their price target on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Truist Financial reissued a “hold” rating and set a $345.00 price target (up from $315.00) on shares of Zebra Technologies in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $349.64.

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.