Janney Montgomery Scott LLC Sells 594 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Janney Montgomery Scott LLC reduced its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,253 shares of the industrial products company’s stock after selling 594 shares during the period. Janney Montgomery Scott LLC owned about 0.05% of Zebra Technologies worth $10,092,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zebra Technologies in the second quarter valued at $27,000. Farmers & Merchants Investments Inc. increased its position in Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 63 shares in the last quarter. Concord Wealth Partners bought a new position in shares of Zebra Technologies in the third quarter worth about $30,000. Transcendent Capital Group LLC acquired a new position in shares of Zebra Technologies during the second quarter worth approximately $32,000. Finally, Massmutual Trust Co. FSB ADV grew 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 valued at $36,000 after purchasing an additional 33 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZBRA has been the subject of several research analyst reports. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Morgan Stanley raised their price target on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday, October 30th. Vertical Research assumed coverage on Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective for the company. Finally, Robert W. Baird raised their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Up 0.8 %

Zebra Technologies stock opened at $397.18 on Friday. Zebra Technologies Co. has a fifty-two week low of $201.43 and a fifty-two week high of $403.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The firm has a market capitalization of $20.49 billion, a price-to-earnings ratio of 54.04 and a beta of 1.64. The company’s 50 day simple moving average is $362.64 and its 200 day simple moving average is $333.78.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm’s revenue was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 12.26 EPS for the current year.

Insiders Place Their Bets

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

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.