WCM Investment Management LLC Grows Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

WCM Investment Management LLC raised its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,501 shares of the industrial products company’s stock after buying an additional 27 shares during the quarter. WCM Investment Management LLC’s holdings in Zebra Technologies were worth $3,502,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Concord Wealth Partners purchased a new position in Zebra Technologies during the third quarter worth approximately $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zebra Technologies in the 2nd quarter worth $27,000. Farmers & Merchants Investments Inc. boosted its holdings in Zebra Technologies by 185.3% in the second 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 during the last quarter. Transcendent Capital Group LLC purchased a new stake in Zebra Technologies during the second quarter valued at about $32,000. Finally, Blue Trust Inc. increased its stake in Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Transactions at Zebra Technologies

In other 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 transaction, the chief financial officer now owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies 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 $3,312,342.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were 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 $4,359,738.33. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Needham & Company LLC lifted their price objective on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays boosted their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 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 research report on Friday, August 2nd. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, TD Cowen increased 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Trading Up 1.0 %

Shares of ZBRA opened at $403.16 on Tuesday. Zebra Technologies Co. has a one year low of $202.01 and a one year high of $404.69. The stock has a 50-day moving average price of $363.72 and a 200 day moving average price of $335.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The company has a market capitalization of $20.79 billion, a P/E ratio of 54.85 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 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 analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business’s revenue was up 31.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. Sell-side analysts forecast that Zebra Technologies Co. will post 12.4 EPS 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.