Quantinno Capital Management LP Purchases 662 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Quantinno Capital Management LP lifted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 39.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,324 shares of the industrial products company’s stock after acquiring an additional 662 shares during the period. Quantinno Capital Management LP’s holdings in Zebra Technologies were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zebra Technologies during the 2nd quarter valued at $27,000. Farmers & Merchants Investments Inc. raised its holdings in shares of Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 63 shares during the period. Concord Wealth Partners acquired a new position in shares of Zebra Technologies during the third quarter valued at about $30,000. Transcendent Capital Group LLC bought a new position in shares of Zebra Technologies during the 2nd quarter worth about $32,000. Finally, Blue Trust Inc. grew its stake in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after buying an additional 67 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction that occurred on 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 directly owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley upgraded Zebra Technologies from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $305.00 to $400.00 in a report on Monday, December 2nd. Truist Financial reiterated a “hold” rating and issued a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Barclays boosted their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Robert W. Baird raised their price objective 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. Finally, UBS Group lifted their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $393.82.

Zebra Technologies Trading Down 1.0 %

Shares of ZBRA stock opened at $403.59 on Friday. 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 $20.82 billion, a price-to-earnings ratio of 54.91 and a beta of 1.63. Zebra Technologies Co. has a 52-week low of $233.95 and a 52-week high of $413.43. The company has a 50-day simple moving average of $387.89 and a two-hundred day simple moving average of $349.41.

Zebra Technologies (NASDAQ:ZBRA) last released its 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 return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. Research analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

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.