Zebra Technologies Co. (NASDAQ:ZBRA) Stock Position Lifted by Creative Planning

Creative Planning grew its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 18.1% in the third quarter, Holdings Channel.com reports. The fund owned 4,545 shares of the industrial products company’s stock after buying an additional 698 shares during the period. Creative Planning’s holdings in Zebra Technologies were worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cascade Investment Advisors Inc. boosted its holdings in Zebra Technologies by 0.7% in the third quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company’s stock worth $1,625,000 after purchasing an additional 30 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after buying an additional 33 shares during the last quarter. Fifth Third Bancorp raised its stake in Zebra Technologies by 1.2% during the second quarter. Fifth Third Bancorp now owns 3,038 shares of the industrial products company’s stock worth $939,000 after acquiring an additional 36 shares during the period. Signaturefd LLC lifted its holdings in Zebra Technologies by 8.0% in the second quarter. Signaturefd LLC now owns 512 shares of the industrial products company’s stock worth $158,000 after acquiring an additional 38 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Zebra Technologies by 15.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 292 shares of the industrial products company’s stock valued at $90,000 after acquiring an additional 38 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of research reports. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Robert W. Baird raised their target price on Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Barclays boosted their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Stephens increased their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Vertical Research started coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price for the company. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $367.00.

Insiders Place Their Bets

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.04% of the stock is currently owned by insiders.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $384.68 on Wednesday. The firm has a market capitalization of $19.84 billion, a PE ratio of 87.23 and a beta of 1.66. 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 firm has a 50-day moving average price of $356.25 and a 200 day moving average price of $328.53. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $394.57.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm posted $3.24 earnings per share. The business’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal year.

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.